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Homework answers / question archive / For what kind of company or companies—a perfectly competitive firm, a monopolistically competitive firm, and/or a monopolist—is negative marginal revenue possible at some quantities (though never at the quantity at which the firm actually produces)? What must be true of the demand curve over the range where marginal revenue is negative? Explain
For what kind of company or companies—a perfectly competitive firm, a monopolistically competitive firm, and/or a monopolist—is negative marginal revenue possible at some quantities (though never at the quantity at which the firm actually produces)? What must be true of the demand curve over the range where marginal revenue is negative? Explain.
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