If a monopolistic firm price searcher can sell 9 units at a


If a monopolistic firm (price searcher) can sell 9 units at a price of $100 each but must reduce its price to $80 in order to sell 10 units, then

A. Demand is inelastic and marginal revenue is negative

B. Marginal revenue is falling but is above price

C. Demand is elastic and marginal revenue is positive

D. $100 is the optimal price

Request for Solution File

Ask an Expert for Answer!!
Business Economics: If a monopolistic firm price searcher can sell 9 units at a
Reference No:- TGS01146707

Expected delivery within 24 Hours