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Business, 24.02.2021 16:40 yasarhan2

[1 mark Q26.
A reduction in the market price of a firm's product will always result in an increase in its
profits or a reduction in its losses if it
A
increases its share of the market.
increases its total revenue by more than its total
costs.
B
с
enables it to reduce its average costs.
D
leads to a reduction in the price of its inputs.
[1 mark]
Q27.
The diagram below shows a firm's average total cost curve (ATC), with the firm

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[1 mark Q26.
A reduction in the market price of a firm's product will always result in an inc...

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