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A monopolist has determined that at the current level of output the price elasticity ofdemand is -0.15.Which of the following statements is true?A) The firm

A monopolist has determined that at the current level of output the price elasticity ofdemand is -0.15.Which of the following statements is true?A) The firm should cut output.B) This is typical for a monopolist; output should not be altered.C) The firm should increase output.D) None of the above is necessarily correct. 2. Barbara is a producer in a monopoly industry

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