If Microsoft is a monopoly and currently charges prices where its demand is elastic, then Microsoft's marginal revenue is
A) negative.
B) positive.
C) zero.
D) minimized.
E) undefined.
B
Economics
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Commodity egalitarianism suggests that some goods be available to everyone.
A. True B. False C. Uncertain
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In general, economists assume that firms
A. maximize economic profit. B. maximize sales. C. maximize revenue. D. maximize accounting profit.
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Individuals economize and respond predictably to
a. positive incentives, but not negative incentives. b. negative incentives, but not positive incentives. c. both positive and negative incentives. d. neither positive or negative incentives.
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Research has shown that the chances of one vote making a difference in an election is:
A. 0.10 %. B. 99.999 %. C. 0.01 %. D. 0.001 %.
Economics