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Two manufacturers of t-shirts are selling shirts for $10 each. The marginal cost for the first firm is $11, and the marginal cost for the
Two manufacturers of t-shirts are selling shirts for $10 each. The marginal cost for the first firm is $11, and the marginal cost for the second firm is $9. What should the companies do to increase economic surplus? The first firm should produce less, but the second firm should produce more. The first firm should produce more, but the second firm should produce less. Both firms should produce less. Both firms should produce more
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