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Question
Holding all else constant, an increase in the price of hot dogs would cause the
a. marginal revenue (MR) curve in the market for hot dog buns to increase.
b. marginal revenue (MR) curve in the market for hot dogs to decrease.
c. average total cost (ATC) curve in the market for hot dog buns to increase.
d. profits in the market for hot dog buns to increase.
e. marginal revenue (MR) curve in the market for hot dog buns to decrease.
Answer
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