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If a Firm's Demand Curve Slopes Downward, the Firm's

Question 61

Multiple Choice

If a firm's demand curve slopes downward, the firm's


A) marginal revenue will rise as price is reduced
B) marginal revenue will generally be less than price
C) total revenue will decline continuously as price is reduced
D) marginal revenue will always be greater than its demand
E) average revenue will increase continuously as output increases

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