Launch X Cenga x MindT X COMM X | Pearso x ] Results x | Laund X | G Go ps://brightspace.algonquincollege.com/d21/Ims/quizzing/user/attempt/quiz_start_frame_auto.d2/?ou=403313&Lisprv=&d.. pter 8 Ariam Ghebreeyesus: Attempt 1 Question 1 (1 point) When the marginal cost of a price-taking firm is less than the market price of its product, what action should the firm take? ( a) charge more than the market price ( b) reduce output (provided that price is not less than average variable cost) (c) expand output (provided that price is not less than average variable cost) (d) maintain output (provided that price is not less than average variable cost) Question 2 (1 point) OLD C X W 144 10