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Slope of the demand curve for a monopolist

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1) What is the slope of the demand curve for a monopolist? (positive, negative, vertical, or horizontal)

2) What is the slope of the marginal revenue curve for a monopolist? (positive, negative, vertical, or horizontal)

3) How does a monopolist determine its profit maximizing price an output level?

4) For a monopolist, what is the relationship between price and marginal revenue (MR) at the profit maximizing output level?

5) For a monopolist, what is the relationship between price and marginal cost (MC) at the profit maximizing output level?

Reference no: EM131767281

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