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Management · Q32

Managerial Economics

Graduate and Post Graduate · Management · question 32

Q32

In case the demand elasticity under imperfect competition is unity, the marginal revenue will be

A.
more than utility, but less than infinity
B.
equal to unity
C.
less than unity, but more than zero
D.
equal to zero
Answer

Answer: Option D

Solution

Answer: Option D
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