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Which is NOT TRUE for a profit maximizing monopolist? Question 5 options: P > MC The firm operates on the demand curve where |e| <

Which isNOT TRUEfor a profit maximizing monopolist?

Question 5 options:

P > MC

The firm operates on the demand curve where |e|< 1

As Q increases, MR falls faster than Average Revenue

Profit maximizing Q for the firmis determined where MC = MR

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