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-In the Above Figure, If the Firm Is Producing at Q3

question 127

Multiple Choice

  -In the above figure, if the firm is producing at Q<sub>3</sub> and charging a price of P<sub>3</sub>, it should A)  increase output and decrease price. B)  decrease output and increase price. C)  not change output or price. D)  shut down.
-In the above figure, if the firm is producing at Q3 and charging a price of P3, it should


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