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Which of the Following Is True When the Government Imposes

Question 87

Multiple Choice

Which of the following is true when the government imposes a price ceiling on a monopolist?


A) Marginal revenue becomes horizontal.
B) Marginal revenue is linear.
C) Marginal revenue is kinked-horizontal and then downward sloping.
D) Marginal revenue is kinked-downward sloping and then horizontal.

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