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What is a common use of average variable costs combined with price? Question 3 options: Computing the mark up the firm uses (Including fixed costs)
What is a common use of average variable costs combined with price? Question 3 options: Computing the mark up the firm uses (Including fixed costs) and therefore seeing if the firm should produce or quit the market Computing the mark up the firm uses (not including fixed costs) and therefore seeing if the firm should produce or quit the market None of the other answers are correct Deciding the optimal quantity the firm should produce
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