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Because of Higher Gasoline Prices, Firms Using Gasoline Intensively in the Production

Question 413

Multiple Choice

Because of higher gasoline prices, firms using gasoline intensively in the production or distribution of their goods have experienced


A) an upward shift in their MC, AVC, and ATC curves.
B) an upward shift in their AFC, AVC, and ATC curves.
C) a downward shift in their MC, AFC, and AVC curves.
D) greater economies of scale.

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