Multiple Choice
If a firm's demand curve is horizontal, then the firm's marginal revenue is:
A) less than the price of the product.
B) equal to the price of the product.
C) greater than the price of the product.
D) greater than, equal to, or less than the price of the product, depending on the particular circumstances.
E) not determinable from the above information.
Correct Answer:
Verified
Correct Answer:
Verified
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