Amonopolist has determined that at the current level of output the price elasticity of demand is minus0.15. which of the following statements is true?
a. the firm should increase output.
b. this is typical for a monopolist; output should not be altered.
c. the firm should cut output.
d. none of the above answers are necessarily correct.

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits