If a firm faces a horizontal demand curve, marginal revenue
a. is constant regardless of how much output the firm produces
b. decreases as the firm produces more output
c. increases as the firm produces more output
d. decreases if the firm produces less output
e. is less than price at most possible output levels
A
Economics
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In the above figure, if the price is $2, then the total consumer surplus is
A) triangle abc. B) triangle cef. C) trapezoid adec. D) trapezoid bdfc.
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