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26 Nov 2019

Which of the following is true?
(A) A monopolist produces on the inelastic portion of its demand.
(B) A monopolist always earns an economic pro t.
(C) The more inelastic the demand, the closer marginal revenue is to price.
(D) In the short run, a monopoly will shut down if P < AV C.

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Casey Durgan
Casey DurganLv2
21 Mar 2019
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