Refer to Figure 8.2. Figure 8.2 Price ATC MC AVC e DD m 0 Quantity Based on the information illustrated in this graph, which of the following is an accurate statement? O MC is initially downward sloping in the region of increasing MR at low output levels O As production increases, marginal revenue always increase so profits rise O as production decreases, marginal revenue will increase so profits will rise O a profit-seeking firm should continue to expand production as long as MR is less than MC