Whether marginal revenue is constant or decreasing depends on a. Whether the firm is benefiting from the

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Whether marginal revenue is constant or decreasing depends on

a. Whether the firm is benefiting from the division of labor.

b. Whether the firm is dealing with diminishing returns.

c. How much the firm sells.

d. Whether the firm faces competition.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 02:36 AM

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Whether marginal revenue is constant or decreasing depends on a. Whether the firm is benefiting from the

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d Whether the firm faces competition Explanation If the price is set in a market that it c...View the full answer

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