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Consider a firm with the following cost information: ATC = $15, AVC = $12, and MC = $14. If we know that this firm has

Consider a firm with the following cost information: ATC = $15, AVC = $12, and MC = $14. If we know that this firm has decided to produce Q = 20 by following the rule to maximize profits or minimize losses, then the price of the output is:

a.$20.b.$12.c.$14.d.$15.

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