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FIGURE 8-4 -Refer to Figure 8-4. If the Market Price Increased to Market

Question 58

Multiple Choice

FIGURE 8-4
FIGURE 8-4 -Refer to Figure 8-4. If the market price increased to $5 in Graph B, what action should this firm take? A) Decrease the production of output. B) Immediately shut down. C) Continue producing the same level of output. D) Increase the production of output.
-Refer to Figure 8-4. If the market price increased to $5 in Graph B, what action should this firm take?


A) Decrease the production of output.
B) Immediately shut down.
C) Continue producing the same level of output.
D) Increase the production of output.

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