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Business, 11.01.2020 02:31 heythere7373

Amonopolistically competitive firm is producing at a short-run output level where average total cost is $10.00, marginal cost is $5.00, marginal revenue is $6.00, and price is $12.00. in the short run, the firm should:
1. decrease the level of output.
2. increase the level of output.
3. make no change in the level of output.
4. increase product price.

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