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Since ________ Rises as a Price Taker Produces More Output,the

Question 123

Multiple Choice

Since ________ rises as a price taker produces more output,the firm will keep increasing output until ________.


A) marginal cost;marginal cost equals price
B) marginal cost;average total cost equals price
C) marginal cost;marginal cost equals average total cost
D) price;marginal cost equals price
E) price;average total cost equals price

Correct Answer:

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