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7. A profit-maximizing firm will Answer 1 Question 24 production when Price > MC. 8. A profit-maximizing firm will Answer 2 Question 24 production when

7. A profit-maximizing firm will Answer 1 Question 24 production when Price > MC. 8. A profit-maximizing firm will Answer 2 Question 24 production when Price = MC. 9. A profit-maximizing firm will Answer 3 Question 24 production when Price < MC

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