Exhibit 7-2 
-Refer to Exhibit 7-2. What would be the total cost of Firm A and Firm B producing 4 units of output each? Is it possible to reduce this total cost and still produce the same total output? How?
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Q66: Exhibit 7-2 Q67: Exhibit 7-2 Q68: Which of the following statements is false? Q70: In economics, income inequality means Pareto inefficiency. Q71: Can income equality and efficiency be achieved Q72: What three conditions for Pareto efficiency are Q73: Realistically speaking, complete income equality can be Q74: When market supply equals market demand, then
A)The
A)both
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