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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
When does a price searcher's marginal revenue curve lie below its demand curve?
A) At all times, since this is the definition of a price searcher
B) When it cannot confine price reductions to the new sales it's trying to attract by lowering its price
C) When it is producing more than the net revenue maximizing quantity
D) When its marginal cost curve is rising
E) When the demand curve slopes downward to the right
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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Posts: 3807
8 years ago
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Sublight2097 Author
wrote...
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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