The marginal revenue curve for a monopolist O will always have one-half the slope of the demand curve, when demand is linear. O will never take a linear form. O will slope upward when demand is elastic. O will always have double the slope of the demand curve, when demand is linear.

The marginal revenue curve for a monopolist O will always have one-half the slope of the demand curve, when demand is linear. O will never take a linear form. O will slope upward when demand is elastic. O will always have double the slope of the demand curve, when demand is linear.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Monopoly

Section: Chapter Questions

Problem 6.10P

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Question

The marginal revenue curve for a monopolist
O will always have one-half the slope of the demand curve, when demand is linear.
O will never take a linear form.
O will slope upward when demand is elastic.
O will always have double the slope of the demand curve, when demand is linear.

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