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October 6, 2021 12:43 pm 30 pts
Eduncle.com Ques.: Monopolists prefer to sell the products in the markets with (NTA UGCNET e 2 (A) Elastic demand (B) Unitary elastic demand (C) Inelastic demand (D) Absence of elasticity of demand annup eauals zero, demand is elastic (g
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• Rucha rajesh shingvekar
A monopolist wishing to maximise profit produces the output up to that amount at which MC = MR. Since marginal costs are always positive, a reduction in output will reduce total co...