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Summary
| Description |
English:
Linear Demand Curve, and the Industry Wide Marginal revenue Curve associated with it. Price > Marginal Revenue since a decline in Price sells a greater quantity, but also reduces the Price of the Sales previously made at the higher Price.
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| Source | Roger LeRoy Miller, Intermediate Microeconomics Theory Issues Applications, Third Edition , New York: McGraw-Hill, Inc, 1982. |
| Author | Roger LeRoy Miller |
- Other information
English:
Basic College Micro Economics
Licensing
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This work is ineligible for copyright and therefore in the public domain because it consists entirely of information that is common property and contains no original authorship . |