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QUESTION
In moving down the elastic segment of the monopolist's demand curve, total revenue is: Increasing, and marginal revenue is negative B. Decreasing,...
1. In moving down the elastic segment of the monopolist's demand curve, total revenue is:
A. Increasing, and marginal revenue is negative
B. Decreasing, and marginal revenue is positive
C. Decreasing, and marginal revenue is negative
D. Increasing, and marginal revenue is positive
Answer: D
But why?
