Why is marginal revenue less than price for every level of output except the first?

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Microeconomics A Contemporary Introduction

ISBN: 978-1111415921

9th edition

Authors: William A. McEachern

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Question Posted: Nov 22, 2017 08:20 AM

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Why is marginal revenue less than price for every level of output except the first?

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Marginal revenue is the additional profit it ea...View the full answer

Microeconomics A Contemporary Introduction

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