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Author Question: If a monopolist's marginal revenue is less than zero over a range of output, then price elasticity ... (Read 77 times)

scienceeasy

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on: Jun 30, 2018
If a monopolist's marginal revenue is less than zero over a range of output, then price elasticity of demand must be:
 a. greater than one.
  b. equal to one.
 c. less than one.
 d. equal to zero.

Question 2

In the light of the infant industry argument, identify the industry which is likely to have substantially high initial costs.
 a. Fashion designing
  b. Retail industry
  c. Iron and steel industry
  d. Dairy industry
  e. Software industry


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medine

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


scienceeasy

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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