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Q. |
If an imperfectly competitive firm is producing a level of output where marginal cost is equal to marginal revenue, marginal revenue is below average variable cost, and price is equal to average total cost, then the firm |
A. | should shut down |
B. | should decrease output, but should not shut down |
C. | should increase output |
D. | None of the above is correct |
Answer» D. None of the above is correct |
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