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Question
Suppose that at the current level of output, price = $10, MC = $4, AVC = $7, and ATC = $11.
Which of the following is true?
A) The firm should decrease output.
B) The firm should shut down.
C) The firm should increase output.
D) The firm should maintain the current level of output.
Answer
This answer is hidden. It contains 1 characters.
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