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Which of the following statements is true a.A firm should increase quantity as long as price is greater than marginal cost b.A firm should increase
Which of the following statements is true
a.A firm should increase quantity as long as price is greater than marginal cost
b.A firm should increase quantity as long as average cost is greater than price
c.A firm should increase quantity as long as marginal cost is greater than price
d.A firm should increase quantity as long as price is higher than average cost, regardless of the marginal cost
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