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if the price of its product above $4, the firm would 1)Increase its profits. 2)Not affect revenues but increase profits because costs would decrease 3)Reduce

if the price of its product above $4, the firm would

1)Increase its profits.

2)Not affect revenues but increase profits because costs would decrease

3)Reduce its total revenue to zero.

4) Increase its total revenue but not its profits because costs would increase.

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