If a monopoly operated in the inelastic range of its linear demand curve,
A) it would be operating at its profit- maximizing position.
B) it would be operating where its AR is negative.
C) its marginal revenue would be negative although its total revenues would be at a maximum.
D) it could raise its total revenue by lowering its price.
E) its marginal revenue would be negative.
Correct Answer:
Verified
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A)
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