Q 1. A monopoly that is maximizing profits never operates in the portion of the demand curve. 2. If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then profit maximization 3. A profit-maximizing monopolist will never operate in the portion of the demand curve with price elasticity equal to 4. When the marginal revenue curve intersects the horizontal axis 5. A firm that has market power

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