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If the firm in Figure 23.4 raised the price of its product above $4, the firm would Multiple Choice Increase its total revenue but not

If the firm in Figure 23.4 raised the price of its product above $4, the firm would

Multiple Choice

  • Increase its total revenue but not its profits because costs would increase.
  • Increase its profits.
  • Not affect revenues but increase profits because costs would decrease.
  • Reduce its total revenue to zero.

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