TR = P x Q
AR = Price
Negatively sloped demand
Marginal Revenue = Price
✅ The correct answer is C.
Negatively sloped demand is not a characteristic of a ‘price taker’. A price taker lacks enough market power. The objective of market to influence the prices of goods or services.
Negatively sloped demand is not a characteristic of a ‘price taker’. A price taker lacks enough market power. The objective of market to influence the prices of goods or services.