Assume someone organizes all farms in the nation into a singleminusprice monopoly. As a result, the price consumers pay for food A. rises. B. does not change, that is, it remains constant. C. falls. D. might rise or fall depending on whether the demand for food is elastic or inelastic. E. might rise or fall depending on whether the monopoly's marginal revenue curve lies above or below its demand curve.
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Home » Business » Assume someone organizes all farms in the nation into a singleminusprice monopoly. As a result, the price consumers pay for food A. rises. B. does not change, that is, it remains constant. C. falls. D.