Under which of the following conditions would a profit-maximizing monopolist necessarily raise price?
A. If product demand was price-elastic
B. If marginal revenue is positive
C. If marginal revenue was greater than marginal cost
D. If marginal cost was greater than marginal revenue
D. If marginal cost was greater than marginal revenue
Economics
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a. True b. False Indicate whether the statement is true or false
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A) recession; peak B) recession; trough C) expansion; trough D) expansion; bubble
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