When demand curve is elastic, MR is
A) 1
B) 0
C) positive
D) negative
Correct Answer:
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Q10: In long run all the firms in
Q11: The short run equilibrium level of output
Q12: When a group of monopolistic competition attains
Q13: The elasticity of average revenue curve of
Q14: Under monopolistic competition, the demand curve of
Q16: The best or optimum level of output
Q17: Which type of competition leads to maximum
Q18: In the short run, the monopolist
A)breaks even
B)incurs
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