The discrepancy between a monopolist's marginal revenue and its price will be larger, the: (a) smaller...
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The discrepancy between a monopolist's marginal revenue and its price will be larger, the: (a) smaller the price elasticity of demand. (b) smaller the response from its competitors. (c) larger the price elasticity of supply. (d) larger the price elasticity of demand. (e) smaller the price elasticity of supply. The discrepancy between a monopolist's marginal revenue and its price will be larger, the: (a) smaller the price elasticity of demand. (b) smaller the response from its competitors. (c) larger the price elasticity of supply. (d) larger the price elasticity of demand. (e) smaller the price elasticity of supply.
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