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Use the Following to Answer Question

Question 183

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Use the following to answer question: Use the following to answer question:   -(Figure: Marginal Decision Rule) Use Figure: The Marginal Decision Rule.If P<sub>1</sub> is the market price and if this firm is maximizing profit,it should produce: A) a quantity at which MR < MC. B) at quantity q<sub>2</sub>. C) at quantity q<sub>1</sub>,where MR > MC. D) a quantity greater than q<sub>1</sub> but less than q<sub>2</sub>.
-(Figure: Marginal Decision Rule) Use Figure: The Marginal Decision Rule.If P1 is the market price and if this firm is maximizing profit,it should produce:


A) a quantity at which MR < MC.
B) at quantity q2.
C) at quantity q1,where MR > MC.
D) a quantity greater than q1 but less than q2.

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