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
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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'.
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