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    Exam 4: Elasticity: A Measure of Responsiveness
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    A Firm Facing a Linear Demand Curve Maximizes Its Total
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A Firm Facing a Linear Demand Curve Maximizes Its Total

Question 56

Question 56

Multiple Choice

A firm facing a linear demand curve maximizes its total revenue where demand is


A) perfectly inelastic.
B) inelastic.
C) elastic.
D) unit elastic.

Correct Answer:

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