Multiple Choice
Which of the following statements is true
A) A firm should increase quantity as long as average cost is greater than price
B) A firm should increase quantity as long as price is greater than marginal cost
C) A firm should increase quantity as long as price is higher than average cost,regardless of the marginal cost
D) A firm should increase quantity as long as marginal cost is greater than price
Correct Answer:
Verified
Correct Answer:
Verified
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