Business, 28.12.2019 00:31 alialoydd

Amonopolist has determined that at the current level of output the price elasticity of demand is minus0.15. which of the following statements is true?

a. the firm should increase output.
b. the firm should cut output. your answer is correct.
c. this is typical for a monopolist; output should not be altered.
d. none of the above answers are necessarily correct.

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Amonopolist has determined that at the current level of output the price elasticity of demand is min...