Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn

Exercise 24

TheD₂ e segment of the demand curveD₂ eD 1 in graph (b) implies that: a. this firm's total revenue will fall if it increases its price above P 0.
B) other firms will match a price increase above P 0.
C) the firm's relevant marginal-revenue curve will be MR 1 for price increases above P 0.
D) the product in this industry is necessarily standardized.