1. The MR curve lies below the demand curve in this figure because the: a. demand curve...

Question:

1. The MR curve lies below the demand curve in this figure because the:

a. demand curve is linear (a straight line).

b. demand curve is highly inelastic throughout its full length.

c. demand curve is highly elastic throughout its full length.

d. gain in revenue from an extra unit of output is less than the price charged for that unit of output.

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Ali Khawaja

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