Question: ____ 9. A simple monopolist that maximizes profits: a. Will charge a price equal to the marginal cost. b. Will charge a price where the

____ 9. A simple monopolist that maximizes profits:

a.

Will charge a price equal to the marginal cost.

b.

Will charge a price where the elasticity of demand is greater than one because otherwise profits are negative.

c

Will charge a price where the elasticity of demand is greater than one because otherwise the marginal revenue is negative.

d.

Will charge a price where the elasticity of demand is lower than zero

e.

Will charge a price where the elasticity of demand is lower than one

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