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If a Firm Is a Price Taker,then the Demand Curve

Question 47

Multiple Choice

If a firm is a price taker,then the demand curve it faces is perfectly


A) elastic and above its marginal revenue curve
B) elastic and lies on top of its marginal revenue curve
C) elastic and below its marginal revenue curve
D) inelastic and above its marginal revenue curve
E) inelastic and the same as its marginal revenue curve

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