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a.No, because MC should also be falling. b.No, because minimum MC (at Q 1 ) is at a lower output than minimum ATC (at Q
a.No, because MC should also be falling.
b.No, because "minimum MC" (at Q1) is at a lower output than "minimum ATC" (at Q2)
c.Yes, because MC, even though rising, is below ATC.
d.Impossible to say, demand curve not shown
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