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Price T V X Y Quantity of Output % Reference: Ref 25-5 In the figure above, if the firm's marginal costs decrease (the marginal-cost curve

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Price T V X Y Quantity of Output % Reference: Ref 25-5 In the figure above, if the firm's marginal costs decrease (the marginal-cost curve shifts down), the monopolist will 0 A) increase price and quantity of output. 0 5) decrease price and quantity of output. 0 0 decrease price and increase quantity of output. 0 D) earn a smaller economic profit

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