If a Firm Faces a Downward-Sloping Demand Curve, Then

question 119

Multiple Choice

If a firm faces a downward-sloping demand curve, then:

• A)the firm could be either a perfectly competitive firm or an imperfectly firm.
• B)the firm's marginal revenue from selling an additional unit of output is less than price.
• C)it is a perfectly competitive firm.
• D)the firm's production process exhibits economies of scale.

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