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If a single-price monopolist sets price where the price elasticity of demand exactly equals 1 (absolute value), its A) total revenue is at its maximum.

If a single-price monopolist sets price where the price elasticity of demand exactly equals 1 (absolute value), its

A)

total revenue is at its maximum.

B)

marginal revenue is always positive.

C)

total profits are at a maximum.

D)

total revenue is falling.

E)

total revenue is rising, although marginal revenue is falling.

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