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find out the range of marginal revenues on the vertical portion of the MR curves at the level of output where a kink in demand curves takes place. Identify the level of output where there is a kink in the demand curves. Call this portion of demand curves as "reverse L shaped portion" of the kink demand curves.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M942357

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