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10. A nondiscriminating profit-maximizing monopolist: A. will never produce in the output range where marginal revenue is positive. B. will never produce in the output range where demand is...

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10. A nondiscriminating profit-maximizing monopolist: A. will never produce in the output range where marginal revenue is positive. B. will never produce in the output range where demand is inelastic.correct C. will never produce in the output range where demand is elastic. D. may produce where demand is either elastic or inelastic, depending on the level of production costs. Why is it B?

 

Answered 41 days After Nov 11, 2021

Solution

Komalavalli answered on Dec 23 2021
124 Votes
Option B is co
ect
Explanation
A non-discriminating monopolist is someone who charges the same price to all clients in order to maximize profit. When demand is inelastic, they will raise the price of the product to generate a higher profit. They will not exceed a set amount of production.
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