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and cost $12 0 200 500 700 Quantity Refer to Figure 12-1. If the firm is producing 700 units Select one: Oa. it should cut

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and cost $12 0 200 500 700 Quantity Refer to Figure 12-1. If the firm is producing 700 units Select one: Oa. it should cut back its output to maximize profit. Ob. it should increase its output to maximize profit. Oc. it is making a loss. 0d. it is making a profit

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