A pure monopolist should never produce in the _________.a. elastic segment of its demand curve because it can increase total revenue and reduce total cost by lowering price. b. inelastic segment of its demand curve because it can increase total revenue and reduce total cost by increasing price. c. inelastic segment of its demand curve because it can always increase total revenue by more than it increases total cost by reducing price. d. segment of its demand curve where the price elasticity coefficient is greater than one.

Question

originnjoku7279 originnjoku7279

27-02-2020
Business

contestada

A pure monopolist should never produce in the _________.a. elastic segment of its demand curve because it can increase total revenue and reduce total cost by lowering price. b. inelastic segment of its demand curve because it can increase total revenue and reduce total cost by increasing price. c. inelastic segment of its demand curve because it can always increase total revenue by more than it increases total cost by reducing price. d. segment of its demand curve where the price elasticity coefficient is greater than one.

Respuesta :

Otras preguntas

A ladder 3m long leans against a wall. It reaches 2m up the wall. What angle does the ladder make with the ground?

find the volume of the cone shown as a decimal rounded to the nearest tenth hight is 16th and radius is 8 yd?

How do you solve: x-y=3 x-y=7

what do all living thing need in order to live and stay healthy?

There are 3 grams of fiber in 1/2 cup of oatmeal. There are 1 1/8 cups of oatmeal left in a box. What is the amount of finer in the oatmeal left in the box? Can

evaluate each function

Mack designed a water fountain with a square pyramid flowing into a cube. The edges of the bases of the pyramid and the cube have the same length and the height

Why are all 4-digit Fredholl numbers composite?

what event set off the Civil Rights movement in the 1950s ?

True or false the populist party strongly supported the gold standard and was supported by most farmers

agustinsr99 agustinsr99 · Answer 1 · 2020-02-28T02:56:24+01:00

Answer: The correct answer is "b. inelastic segment of its demand curve because it can increase total revenue and reduce total cost by increasing price.

Explanation: A pure monopolist should never produce in the inelastic segment of its demand curve because it can increase total revenue and reduce total cost by increasing price.

It would be uneconomical for a pure monopolist to produce in the inelastic segment of its demand curve because it would not be increasing its profits, because if it increases the price it can reduce the total cost and increase total revenues.