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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
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.
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