A profit-maximizing monopolist with a less elastic demand has more pricing power than a profit-maximizing monopolist with a more elastic demand.

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This statement is true. A less elastic demand means that consumers are less responsive to changes in price, which gives the monopolist more pricing power. The monopolist can charge a higher price without losing as many customers to substitutes. On the other hand, a more elastic demand means that consumers are more responsive to changes in price, forcing the monopolist to charge a lower price to maintain sales.

A Profit-Maximizing Monopolist with a Less Elastic Demand Has More