A price-taking rm selling in a market with a price greater, Business Economics

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A price-taking rm selling in a market with a price greater

A price-taking ?rm selling in a market with a price greater than the ?rm's average total cost should:

Decrease production when market price is greater than marginal cost

Increase production when market price is greater than marginal cost

Increase production when average total cost is maximum

Decrease production when average total cost is minimum

None of these

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Business Economics: A price-taking rm selling in a market with a price greater

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Business Economics: A price-taking rm selling in a market with a price greater

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