If zipcos marginal revenue product curves slope downward


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

 

 

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Microeconomics: If zipcos marginal revenue product curves slope downward
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