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Question
The slope of the MR curve of a monopoly firm is 6. Then the slope of the demand curve is ___
The slope of the MR curve of a monopoly firm is 6. Then the slope of the demand curve is
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Solution
The MR curve is twice as steep as the demand curve. Hence, the slope of the demand curve would be half of that of the MR curve i.e 3.
The MR curve is twice as steep as the demand curve. Hence, the slope of the demand curve would be half of that of the MR curve i.e 3.
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