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If a firm is producing an output level for which the market price exceeds the firm's marginal cost, Select one: a. consumers would be willing
If a firm is producing an output level for which the market price exceeds the firm's marginal cost,
Select one:
a.
consumers would be willing only to pay a price lower than what it costs the firm to produce an-other unit.
b.
consumers would be willing only to pay a price equal to what it costs the firm to produce another unit.
c.
consumers would be willing to pay a price greater than what it costs the firm to produce another unit.
d.
consumers would be willing only to pay a price equal to or lower than what it costs the firm to produce another unit.
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