Which of the following statements is true?
A) The marginal revenue of a monopolistically competitive firm will be positive at high prices and negative at low prices.
B) Because the demand curve for a monopolistically competitive firm is downward sloping, its marginal revenue will be negative.
C) The marginal revenue of a monopolistically competitive firm will always be positive.
D) The marginal revenue of a monopolistically competitive firm will be positive at low prices and negative at high prices.
Correct Answer:
Verified
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A)price
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