A monopolist has control over the price he charges for his product. He will be able to maximise his profit by
A. Lowering the price, if the demand curve is elastic
B. Raising the price, if the demand curve is elastic
C. Lowering the price, if the demand curve is inelastic
D. None of the above is applicable
Answer: Option A
This Question Belongs to Management >> Managerial Economics
Related Questions on Managerial Economics
The emphasis of managerial economics is on
A. Bonus theory
B. Normative theory
C. System theory
D. Accounting theory
Which is not the subject of Managerial Economics?
A. Accounting Theory
B. Pricing Decision, Policies and Practices
C. Capital Management
D. Profit Management
Which is not covered under the scope of managerial economics?
A. Profit management
B. Accounting theory
C. Pricing policies
D. Production analysis
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