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Which of the following statements are true? a) If at the current price, demand is inelastic, raising the price will increase the monopolist's revenue. b)
Which of the following statements are true?
a) If at the current price, demand is inelastic, raising the price will increase the monopolist's revenue.
b) Between two gambles, a risk averter will always choose the one with a smaller variance.
c) A rational person will not save money if the interest rate is less than the inflation rate.
d) A monopolist with positive marginal cost who charges a uniform price always prices on the inelastic portion of the demand curve.
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