Monopolists marginal revenue from selling another unit

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Reference no: EM13977194

If a monopolist’s marginal revenue from selling another unit is negative, then its total revenue must be __________ and the price elasticity of demand for its product is _______.

increasing . . . inelastic

decreasing . . . inelastic

constant. . . unit elastic

decreasing . . . elastic

increasing . . . elastic

Reference no: EM13977194

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