A monopolist can raise its price further above marginal cost the more _____ is the _____ its product. inelastic; demand

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answerhappygod
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A monopolist can raise its price further above marginal cost the more _____ is the _____ its product. inelastic; demand

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A monopolist can raise its price further above marginal cost the
more _____ is the _____ its product.
inelastic; demand for
elastic; supply of
inelastic; supply of
elastic; demand for
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