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If the government subsidizes firm output at rate s < 1, then the profit maximization condition is, (a) MPN = w. (b) MPN + s

If the government subsidizes firm output at rate s < 1, then the profit maximization

condition is,

(a) MPN = w.

(b) MPN + s = w.

(d) (1 + s) MPN = w.

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