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When marginal revenue is zero for a monopolist with a downward-sloping straight-line demand curve, the price elasticity of demand is
a. greater than 1.
b. equal to 1.
c. less than 2.
d. equal to 0.
When marginal revenue is zero for a monopolist with a downward-sloping straight-line demand curve, the price elasticity of demand is
a. greater than 1.
b. equal to 1.
c. less than 2.
d. equal to 0.
Joshua StredderLv10
4 Apr 2021