If a firm decreases output when MR < MC, then:
a. profit will equal zero.
b. profit will increase.
c. profit will decrease.
d. profit will remain the same.
e. the firm is minimizing losses.
b
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How is the gain from imports distributed between consumers and domestic producers?
What will be an ideal response?
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A) 80 B) 100 C) 180 D) 200
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Indicate whether the statement is true or false