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MC PRICE 160 140 ATC 123.33 Demand 56.67 MR 100 133.33 154.92 QUANTITY Refer to Figure 16-6. In response to the situation represented by the
MC PRICE 160 140 ATC 123.33 Demand 56.67 MR 100 133.33 154.92 QUANTITY Refer to Figure 16-6. In response to the situation represented by the figure, we would expect O a. some of the firms that are currently in the market to exit. O b. the demand for this firm's product to decrease, assuming this firm does not exit. O c. this firm's profit to remain the same. O d. new firms to enter the market
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