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Which of the following statements is false? A price maker must lower price to sell an additional unit of its product. For a price maker,
Which of the following statements is false?
A price maker must lower price to sell an additional unit of its product.
For a price maker, price is greater than marginal revenue for all units except the first.
For a price maker, price equals marginal revenue for all units except the first.
A price maker, like a price taker, produces that quantity of output for which marginal revenue equals marginal cost.
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