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Tidy Tidy
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8 years ago
When a firm faces a downward-sloping demand curve, marginal revenue
A) must exceed price because the price effect outweighs the output effect.
B) is less than price because a firm must lower its price to sell more.
C) equals price because the firm sells a standardized product.
D) must exceed price because the output effect outweighs the price effect.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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VincenzoDVincenzoD
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8 years ago
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Tidy Author
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8 years ago
Good timing, thanks!
momochiime
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Thanks for your help!!
GeorgeNeist
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This calls for a celebration Person Raising Both Hands in Celebration
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