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Use the Following to Answer Question(s)

Question 100

Multiple Choice

Use the following to answer question(s) :
Exhibit: Marginal Decision Rule
Use the following to answer question(s) : Exhibit: Marginal Decision Rule -(Exhibit: Marginal Decision Rule) To the left of Point C (e.g., at q<sub>1</sub>) : A) economic profit is the vertical distance between Curve B and MC. B) the firm is not maximizing profits. C) the firm is maximizing profits. D) the firm should produce less.
-(Exhibit: Marginal Decision Rule) To the left of Point C (e.g., at q1) :


A) economic profit is the vertical distance between Curve B and MC.
B) the firm is not maximizing profits.
C) the firm is maximizing profits.
D) the firm should produce less.

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