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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
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Elucidate what will be the price of your jersey in Los Angeles and what will be the price in Brooklyn. What will be your total profits.
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Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. Assume that the country is in a budget deficit and carrying a..
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