If a monopolist was operating in a price range where marginal revenue was negative, it would be
A) in the inelastic range of the demand for its product.
B) in the unit elastic range of the demand for its product.
C) in the elastic range of the demand for its product.
D) maximizing revenue but not profits.
A
Economics
You might also like to view...
The position of a demand curve is unaffected by changes in the price of the good
a. True b. False Indicate whether the statement is true or false
Economics
A large grain crop resulting from favorable weather conditions would shift which of the following curves?
a. only aggregate demand b. aggregate demand and short-run aggregate supply c. only short-run aggregate supply d. only long-run aggregate supply
Economics