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For a monopoly, marginal revenue is less than price because: a. The demand for the firms output is downward sloping b. The demand for the

For a monopoly, marginal revenue is less than price because:

a. The demand for the firms output is downward sloping

b. The demand for the firms output is perfectly elastic

c. The firm can sell all of its output at any price

d. The firm has no supply curve

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