Nisha Sharma posted an Question
October 06, 2021 • 18:13 pm 30 points
  • UGC NET
  • Commerce

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 deman

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 best-answer

    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 cost. So option (a) elastic demand

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