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Use the Following Diagram to Answer the Following Questions

question 82

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Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions.    -Refer to Diagram 5-1. If a competitive firm were currently producing output at Q₃, we know that: A)  profits are being maximized. B)  increasing output would increase profits. C)  decreasing output would increase profits. D)  there should be no change in output.
-Refer to Diagram 5-1. If a competitive firm were currently producing output at Q₃, we know that:


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