Chapter 12 Monopoly - Sample Questions MULTIPLE CHOICE ...

C)lies above its demand curve. D)coincides with its demand curve. 19) 20)For a single-price monopoly, marginal revenue is _____ when demand is elastic and is _____ when demand is inelastic. A)negative; positive B)positive; positive C)positive; negative D)negative; negative 20) 21)If the price elasticity of demand is greater than 1, a monopoly's ................
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