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The price elasticity of demand for a good produced by a monopolist O A equals zero as long as the good has no close substitutes O B does not equal zero because every good has at least one good

The price elasticity of demand for a good produced by a monopolist O A. equals zero as long as the good has no close substitutes. O B. does not equal zero because every good has at least one good substitute for it. C. is always inelastic since the demand curve slopes down. O D. does not equal zero because there will always be some substitutes, however imperfect they may be.

Apr 02 2020 View more View Less

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