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A competitive firm experiences a shift in costs of production that decreases marginal costs at all levels of output. What does this situation mean for
A competitive firm experiences a shift in costs of production that decreases marginal costs at all levels of output. What does this situation mean for the firm?
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A) The firm's demand curve will also shift to the left.
B) The firm's marginal cost curve will shift to the left.
C) Producing less at any market price will off-set marginal cost.
D) Expanding output levels at any given price will be profitable.
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