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Figure 7-C -Refer to Figure 7-C.If the Market Price Decreased to $4.70

Question 155

Multiple Choice

Figure 7-C Figure 7-C -Refer to Figure 7-C.If the market price decreased to $4.70 in Graph B, this firm should: A) immediately shut down if price is greater than average variable cost. B) increase output. C) decrease output. D) continue producing the same level of output.
-Refer to Figure 7-C.If the market price decreased to $4.70 in Graph B, this firm should:


A) immediately shut down if price is greater than average variable cost.
B) increase output.
C) decrease output.
D) continue producing the same level of output.

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