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Author Question: Which of the following is NOT correct about a single-price monopoly? (Read 68 times)

karen

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on: May 24, 2019
Which of the following is NOT correct about a single-price monopoly?
◦ Maximum profit is found where demand is the most inelastic.
◦ Marginal revenue is negative when demand is inelastic.
◦ Marginal revenue is positive when demand is elastic.
◦ To sell more output, the firm must lower its price.
◦ To maximize its profit, the firm produces so that marginal revenue equals marginal cost.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by karen on May 24, 2019

JCABRERA33

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karen

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Reply #2 on: May 24, 2019
Excellent


JCABRERA33

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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