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Author Question: Which of the following is true for a firm with a downward-sloping demand curve for its product? (Read 347 times)

pragya sharda

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Which of the following is true for a firm with a downward-sloping demand curve for its product?


Price equals average revenue but is greater than marginal revenue.


Price, average revenue, and marginal revenue are all equal.


Price, average revenue, and marginal revenue are all different.


Price equals average revenue but is less than marginal revenue.



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Marked as best answer by pragya sharda on Oct 8, 2019

gcook

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