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Which of the following statements is true? Select a Choice Below current question choices OptionA When a firm sets a higher price, it sells a
Which of the following statements is true? Select a Choice Below current question choices OptionA When a firm sets a higher price, it sells a larger quantity and its costs of production increases. OptionB When a firm sets a lower price, it sells a smaller quantity and its costs of production decrease. OptionC When a firm sets a higher price, it sells a smaller quantity and its costs of production decrease. OptionD When a firm changes its price, it has no effect on the quantity sold and the cost of production
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