Homework answers / question archive / If the price elasticity of demand is less than 1, a monopoly's A

If the price elasticity of demand is less than 1, a monopoly's A

Economics

Share With

If the price elasticity of demand is less than 1, a monopoly's

A. marginal revenue is undefined.

B. total revenue decreases when the firm lowers its price.

C. total revenue increases when the firm lowers its price.

D. marginal revenue is zero.