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Consider the relationship between monopoly pricing and the price elasticity of demand. if demand is inelastic and a monopolist raises its price, quantity would fall by a percentage than the rise in price,
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Consider the relationship between monopoly pricing and the price elasticity of demand. if demand is inelastic and a monopolist raises its price, quantity would fall by a percentage than the rise in price, causing profit to . therefore, a monopolist will produce a quantity at which the demand curve is elastic. use the purple segment (diamond symbols) to indicate the portion of the demand curve that is inelastic. (hint: the answer is related to the marginal-revenue (mr) curve.) then use the black point (plus symbol) to show the quantity and price that maximizes total revenue (tr).

User Meowgoesthedog
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Answer:

they demanded money for their work

Step-by-step explanation:

User Bulki S Maslom
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