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Other Things Being Equal,if a Perfectly Competitive Firm Is Forced

Question 117

Multiple Choice

Other things being equal,if a perfectly competitive firm is forced to switch to a more expensive,nonpolluting production process:


A) The average cost curve will shift downward.
B) The profit-maximizing level of output will be increased.
C) The marginal cost curve will shift downward.
D) Total profits will decrease.

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