2. An increase in price from P3 to P5 would: a. shift this firms MC curve to...
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2. An increase in price from P3 to P5 would:
a. shift this firm’s MC curve to the right.
b. mean that MR5 exceeds MC at Q3 units, inducing the firm to expand output to Q5.
c. decrease this firm’s average variable costs.
d. enable this firm to obtain a normal, but not an economic, profit.
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Related Book For 
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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