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18 August, 02:20

If a profit-maximizing monopolist faces a downward-sloping market demand curve, its Select one: a. average revenue is less than marginal revenue. b. marginal revenue is greater than the price of the product. c. average revenue is less than the price of the product. d. marginal revenue is less than the price of the product.

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  1. 18 August, 03:18
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    D). marginal revenue is less than the price of the product
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