The marginal revenue for a perfectly competitive firm is, Econometrics

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The marginal revenue for a perfectly competitive firm is

1. Why is the demand curve facing a monopolist the market demand curve?

2. The marginal revenue for a perfectly competitive firm is equal to the market price. Why is the marginal revenue for a monopolist less than the market price for positive quantities of output?

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Econometrics: The marginal revenue for a perfectly competitive firm is

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Econometrics: The marginal revenue for a perfectly competitive firm is

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