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

Question 78

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FIGURE 8-4
FIGURE 8-4 -Refer to Figure 8-4. If the market price decreased to $4.70 in Graph B, what action should this firm take? A) Continue producing the same level of output. B) Increase the production of output. C) Immediately shut down if price is greater than average variable cost. D) Decrease the production of output.
-Refer to Figure 8-4. If the market price decreased to $4.70 in Graph B, what action should this firm take?


A) Continue producing the same level of output.
B) Increase the production of output.
C) Immediately shut down if price is greater than average variable cost.
D) Decrease the production of output.

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