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Figure 12-1 -Refer to Figure 12-1. If the Firm Is Producing 700

Question 45

Multiple Choice

Figure 12-1 Figure 12-1 -Refer to Figure 12-1. If the firm is producing 700 units A) it is making a profit. B) it is making a loss. C) it should cut back its output to maximize profit. D) it should increase its output to maximize profit.
-Refer to Figure 12-1. If the firm is producing 700 units


A) it is making a profit.
B) it is making a loss.
C) it should cut back its output to maximize profit.
D) it should increase its output to maximize profit.

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