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Price MR 0 Q1 Q2 Q Q4 Quantity Refer to Figure 5.2. If the firm is producing Q3 units of output, we know that the

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Price MR 0 Q1 Q2 Q Q4 Quantity Refer to Figure 5.2. If the firm is producing Q3 units of output, we know that the firm could increase profit by producing and selling more. is maximizing profit or minimizing losses. is earning a normal profit. could increase profit by producing and selling less

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