Which of the following is not true for a price searcher? The demand curve is dow

Question

Which of the following is not true for a price searcher? The demand curve is downward sloping. Marginal Revenue = Price. Average Revenue = Price. Price must be lowered to sell more output. Which of the following is not true for a price searcher? The demand curve is downward sloping. Marginal Revenue = Price. Average Revenue = Price. Price must be lowered to sell more output. The demand curve is downward sloping. Marginal Revenue = Price. Average Revenue = Price. Price must be lowered to sell more output.

Explanation / Answer

Marginal Revenue = Price.

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