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Monopolist marginal revenue

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Reference no: EM132240900

Which of the following is not true of a monopolist's marginal revenue?

Marginal revenue depends on the quantity of production.Marginal revenue will be positive over the range of demand that is price elastic. Marginal revenue will equal the market price.Marginal revenue will equal marginal cost at the quantity of production that maximizes profit.

Reference no: EM132240900

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