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It's Logical, It's a Rule of Thumb, It's an Economic

Question 66

Multiple Choice

It's logical, it's a rule of thumb, it's an economic guideline: As long as MR > MC, and the firm responds by decreasing the quantity it produces,

A) profit will increase to infinity
B) profit will increase
C) profit will decrease
D) profit will remain unchanged
E) loss will be minimized

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