You own two products each of which is a substitute for the, Finance Basics

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You own two products each of which is a substitute for the

You own two products, each of which is a substitute for the other. You raise price on the first product. What happens to marginal revenue?
a. MR for the first product falls but increases for the second.
b. MR rises for both products.
c. MR falls for both products.
d. MR for the second product falls but increases for the first.

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