Which of the following is true when the government imposes a price cei
Which of the following is true when the government imposes a price ceiling on a monopolist?
A) Marginal revenue becomes horizontal.
B) Marginal revenue is linear.
C) Marginal revenue is kinkedhorizontal and then downward sloping.
D) Marginal revenue is kinkeddownward sloping and then horizontal.
ANSWER
C
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