A Firm in Monopolistic Competition Has "Marginal Revenue" Which

question 207

Multiple Choice

A firm in monopolistic competition has "marginal revenue" which:

• A) is always greater than its marginal cost.
• B) is always shown above its related down-sloping demand curve when plotted on a graph.
• C) is the change in total revenue which results from the sale of one more unit of a product.
• D) is always positive (i.e., greater than zero).
• E) All of these.

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