Derive the marginal revenue curve when the monopoly faces the linear inverse demand function, in Figure 11.2.
Question:
Derive the marginal revenue curve when the monopoly faces the linear inverse demand function,
in Figure 11.2. How does the slope of the marginal revenue curve compare to the slope of the inverse demand curve?
Figure 11.2:-
Transcribed Image Text:
p = 24-Q, (11.2)
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