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Qu C Al x x 19. -- A . C T. ER EN 0 QUESTION 6 It marginal cost exceeds marginal revenue, the firm O

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Qu C Al x x 19. -- A . C T. ER EN 0 QUESTION 6 It marginal cost exceeds marginal revenue, the firm O a. is most likely to be at a profit-mascimizing level of output. b. may still be earning a positive accounting profit, Oc should reduce its average fixed cost in order to lower its marginal cost. . d. should increase the level of production to maximize its profit

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