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A firm has a straight, downward-sloping inverse demand curve.At a quantity larger than the one where the firm's total revenue is maximized, the price elasticity
A firm has a straight, downward-sloping inverse demand curve.At a quantity larger than the one where the firm's total revenue is maximized, the price elasticity of demand _______, and the firm's marginal revenue is _______.
Group of answer choices
less than one in absolute value, negative
less than one in absolute value, equal to one
greater than one in absolute value, equal to zero
greater than one in absolute value, negative
less than one in absolute value, positive
greater than one in absolute value, positive
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