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-The Figure Above Shows the Cost, Demand, and Marginal Revenue

Question 154

Multiple Choice

-The figure above shows the cost, demand, and marginal revenue curves for a monopoly. At an output level of ________, demand is ________. A) 20; elastic B) 50; unit elastic C) 50; elastic D) 30; unit elastic
-The figure above shows the cost, demand, and marginal revenue curves for a monopoly. At an output level of ________, demand is ________.


A) 20; elastic
B) 50; unit elastic
C) 50; elastic
D) 30; unit elastic

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