An Implication of the Downward Slope of the Demand Curve

question 34

Multiple Choice

An implication of the downward slope of the demand curve for a monopolistic competitive firm is that

• A) its marginal revenue curve slopes upward.
• B) its marginal revenue curve and its demand curve are identical (same) line.
• C) its marginal revenue curve slopes downward but lies above the demand curve.
• D) its marginal revenue curve slopes downward but lies below the demand curve.

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