A decrease in the price the firm receives for its output, Microeconomics

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A decrease in the price the firm receives for its output

A decrease in the price the firm receives for its output will cause the firm to: expand output and earn smaller profits. cut wages and payments to factors of production. leave output unchanged and earn smaller profits. reduce output and earn smaller profits or larger losses.

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Microeconomics: A decrease in the price the firm receives for its output

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Microeconomics: A decrease in the price the firm receives for its output

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