The deep state entered Americaâs national discourse in 2017 with the feeling of an already familiar character, ready to assume a starring role as hero or villainâdepending on how you feel about Trump.
If a firm produces past that point, then marginal revenue is less than marginal cost. This means that the firm is losing profit with each additional unit of output and it should produce less. Remember that a competitive firm has a flat MR curve which is equal to the market price.
The marginal revenue curve for a firm with market control is negatively sloped and lies below the average revenue curve. A marginal revenue curve is the graphical relation between the marginal revenue a firm receives from production and the quantity of output produced.he marginal revenue curve for a firm with market control is negatively sloped and lies below the average revenue curve. A marginal revenue curve is the graphical relation between the marginal revenue a firm receives from production and the quantity of output produced.