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20 MC 16 12 ATC Price ($) 8 D 4 MR O 4 8 12 16 20 Output Figure 1 24. If this firm produced
20 MC 16 12 ATC Price ($) 8 D 4 MR O 4 8 12 16 20 Output Figure 1 24. If this firm produced at optimum efficiency, it would have an output of (LO2) a) less than 10 b) 10 c) more than 10, but less than 14 d) 14 e) more than 14
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