Suppose the Baseball Card Industry Is Monopolistic

Multiple Choice

Suppose the baseball card industry is monopolistic. We know then that for the monopolist,

A) price elasticity of demand everywhere along its demand curve is infinite
B) price elasticity of demand everywhere along the demand curve is zero
C) as price increases, marginal revenue decreases
D) as price decreases, marginal revenue decreases
E) price equals marginal revenue everywhere along its demand curve