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Consider a monopoly that has a demand curve that is a straight line that intersects the vertical axis at a price of $7 and ha

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Answer #1

Answer is = -1

MR is found to be at half of demand curve.

Horizontal axis of demand curve = 7 * 2 = 14

So half of horizontal axis is 7 where MR will intersect.

MR vertical axis is same as demand curve which is 7 and for horizontal axis MR will touch also at 7.

So slope = 7/7 = 1.

There is negative sign because both slopes downward.

#Please rate positively...thank you

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