Price-taking firm selling in market with price

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Reference no: EM13851086

A price-taking firm selling in a market with a price greater than the firm’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

Reference no: EM13851086

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