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Business, 11.03.2021 22:20 rakanmadi87

The region of demand in which the monopolist will choose a price-output combination will be: A.
Elastic because as price declines and output increases, total revenue will increase
B.
Elastic because as price declines and output increases, total revenue will decrease
C.
Inelastic because as price declines and output increases, total revenue will decrease
D.
Inelastic because as price declines and output increases, total revenue will increase

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The region of demand in which the monopolist will choose a price-output combination will be: A.
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