Which of the following statements is true?
a. because the demand curve for a monopolisticall...
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Which of the following statements is true?
a. because the demand curve for a monopolistically competitive firm is downwardminussloping its marginal revenue will be negative.
b. the marginal revenue of a monopolistically competitive firm will be always be positive.
c. the marginal revenue of a monopolistically competitive firm will be positive at high prices and negative at low prices.
d. the marginal revenue of a monopolistically competitive firm will be positive at low prices and negative at high prices.
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