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    Microeconomics
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    Exam 23: Monopoly
  5. Question
    For Any Constant-Elasticity Market Demand Curve, a Monopolist Is Profit
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For Any Constant-Elasticity Market Demand Curve, a Monopolist Is Profit

Question 16

Question 16

True/False

For any constant-elasticity market demand curve, a monopolist is profit maximizing regardless of what quantity he produces so long as marginal costs are zero.

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