If marginal revenue is less than price for a firm, it must be true that the firm

a. is a monopoly
b. is in perfect competition
c. is in monopolistic competition
d. faces a perfectly elastic demand curve
e. faces a downward-sloping demand curve


E

Economics

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Traditionally, the age group with the highest rate of savings is the _________.

Fill in the blank(s) with the appropriate word(s).

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A. very poor LDC. B. middle-rank LDC. C. NIC. D. industrial country.

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A consumption function shows a

What will be an ideal response?

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