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Rick's Salsa is currently producing 1,000 jars of salsa per week. At this production level, Rick's marginal cost is $1 per jar and, given the
Rick's Salsa is currently producing 1,000 jars of salsa per week. At this production level, Rick's marginal cost is $1 per jar and, given the premium quality of its salsa, Rick's marginal revenue is $6 per jar. How could Rick's increase its profits? Group of answer choices Increase the price of its premium salsa. Increase the quantity produced. Reduce the quantity produced. The firm is earning large profits so don't change the price or quantity
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