Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Non Competitive markets

Question:
Which of these is true-
For a monopoly firm,
a) MR=0 when price elasticity equals 0.
b) When MR is positive, price elasticity is greater than 1
c) When MR is negative, price elasticity is less than 1.
Options:
a, b and c
a and b
b and c
c and a
Correct Answer:
a, b and c