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Business, 08.04.2021 17:10 alethhaaa

5. Price (Demand) exceeds marginal revenue for the pure monopolist because: a. A. the law of diminishing returns doesn't apply b. B. the demand curve lies below the marginal revenue curve c. C. the monopolist produces a smaller output than would a purely competitive firm d. D. the demand curve is inelastic e. E. to sell more the monopolist must lower its price

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