Imperfectly competitive firms have a demand curve that ________ and a marginal revenue curve that ________ and is ________ the demand curve.
A) slopes downward; slopes downward; below
B) is horizontal; is horizontal; the same as
C) slopes downward; is horizontal; above
D) is horizontal; slopes downward; below
E) slopes downward; slopes downward; the same as
Correct Answer:
Verified
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A) product differentiation.
B)
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