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Question Four (25 points) a) What should a firm do if it realizes that its marginal revenue 15 more than its marginal cost? points b)

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Question Four (25 points) a) What should a firm do if it realizes that its marginal revenue 15 more than its marginal cost? points b) What should a firm do if it realizes that its average cost 15 more than its average revenue in the short run? (8 points c) Explain the difference between economic profits and accounting profits. Support your answer with example. (9 points)

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