- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 1. The Firm and Market Structures
- Subject 7. Monopolistic Competition
CFA Practice Question
Refer to the graph below. The marginal revenue curve is represented by curve ______.
B. B
C. C
D. D
A. A
B. B
C. C
D. D
Correct Answer: D
Marginal revenue is downward-sloping and lies below the demand curve.
User Contributed Comments 1
| User | Comment |
|---|---|
| danlan | A=MC, B=ATC, C=D, D=MR |