If a Firm's Demand Curve Is Horizontal, Then the Firm's

question 9

Multiple Choice

If a firm's demand curve is horizontal, then the firm's marginal revenue is:

• A)less than the price of the product.
• B)equal to the price of the product.
• C)greater than the price of the product.
• D)greater than, equal to, or less than the price of the product, depending on the particular circumstances.
• E)not determinable from the above information.

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