Question: diagram above. In this instance, point e shown on the graph indicates Question 8Answer a. the point where profits will increase by increasing output b.

diagram above. In this instance, point e shown on the graph indicates Question 8Answer a. the point where profits will increase by increasing output b. the point where profits will increase by reducing output c. the profit-maximizing point where MR=MC d. the profit-maximizing point where MR is less an MC

Figure 1. The Firm in Competitive Equilibrium Price ATC MC AVC e DD m 0 Quantity

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