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In the case of a single-price monopoly, if demand is inelastic: ANSWER Unselected a fall in the price brings a decrease in total revenuethe revenue
In the case of a single-price monopoly, if demand is inelastic: ANSWER Unselected a fall in the price brings a decrease in total revenuethe revenue gain from the increase in quantity sold is outweighed by the revenue loss from the lower priceand marginal revenue is negative. Unselected a fall in the price brings an increase in total revenuethe revenue gain from the increase in quantity sold outweighs the revenue loss from the lower priceand marginal revenue is positive. Unselected total revenue does not changethe revenue gain from the increase in the quantity sold offsets the revenue loss from the lower priceand marginal revenue is zero
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