Question

A monopolist charges Rs.30 for his product. He
notices that elasticity in market A is 5 market B is 2.
What will be the Marginal Revenue in Market A​

Answer 1

Explanation:

A monopolist charges Rs. 30 for his product. He notices that elasticity in market A is 2 and elasticity in market B is 5.

Q.

What will be the Marginal Revenue in Market B?

a)5

b)12

c)24

d)10

Correct answer is option 'C'.