Price is greater than marginal revenue

Reference no: EM13789435

If ZipCo's marginal revenue product curves slope, downward, what can we conclude about the structure of the market in which ZipCo sells its product?

A. The firm is a price searcher because price is greater than marginal revenue

B. The firm is a price taker because price is equal to marginal revenue

C. The firm is a price searcher because the price of each resource is constant

D. The firm is a price taker because the price of each resource is constant

E. Nothing

Reference no: EM13789435

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