A firm seeking to maximize its total revenue would lower its price until price elasticity of demand

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A firm seeking to maximize its total revenue would lower its price until price elasticity of demand was ______.

a) a maximum

b) a minimum

c) one

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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A firm seeking to maximize its total revenue would lower its price until price elasticity of demand

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The correct answer is b a minimum A firm seeking to maximize its total revenue w...View the full answer

Microeconomics

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