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1.) If the firm maximizes profit, the marginal cost of its product will be: a.) $8. b.) $10. c.) $6. d.) $4. 2.) If the

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1.) If the firm maximizes profit, the marginal cost of its product will be:

a.) $8.

b.) $10.

c.) $6.

d.) $4.

2.) If the firm seeks to maximize profit, it should set a price equal to:

a.) $4.

b.) $10.

c.) $8.

d.) $6.

a 10 MC ATC 6 MR 10 20 30 40 50 Output per day

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