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Exhibit 23-2 -Refer to Exhibit 23-2.For the Firm That Faces the Demand

Question 40

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Exhibit 23-2
Exhibit 23-2 -Refer to Exhibit 23-2.For the firm that faces the demand curve in the exhibit, A) marginal revenue is constant. B) price equals marginal revenue. C) if the firm maximizes profits, it produces the quantity of output at which price equals marginal cost. D) a and c E) a, b, and c
-Refer to Exhibit 23-2.For the firm that faces the demand curve in the exhibit,


A) marginal revenue is constant.
B) price equals marginal revenue.
C) if the firm maximizes profits, it produces the quantity of output at which price equals marginal cost.
D) a and c
E) a, b, and c

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