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-Refer to the Graph Above

Question 117

Multiple Choice

-Refer to the graph above.If the firm is a price taker and is producing the level of output at the minimum average total cost of production,this firm should A) expand its output. B) reduce its output. C) not change its output. D) expand its output if the market price is higher than $9. E) contract its output if the market price is equal to $9.
-Refer to the graph above.If the firm is a price taker and is producing the level of output at the minimum average total cost of production,this firm should


A) expand its output.
B) reduce its output.
C) not change its output.
D) expand its output if the market price is higher than $9.
E) contract its output if the market price is equal to $9.

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