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Marginal revenue is less than price for a price searcher because

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Marginal revenue is less than price for a price searcher because

Marginal revenue is less than price for a price searcher because
A) the price searcher selects the highest possible price in order to maximize its profit.
B) the price searcher must search for the price at which P = MC.
C) the price searcher's demand curve is horizontal.
D) to sell more the price searcher must lower price on all units, including those it could have sold at a higher price.
E) reducing price always causes a price searcher to lose sales.

Textbook

Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

Read 121 times

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