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Business, 30.07.2021 04:30 payshencec21

Two firms have the same technology and must pay the same wages for labor. They have identical factories, but firm 1 paid a higher price for its factory than firm 2 did. If they are both profit maximizers and have upward-sloping marginal cost curves, then we would expect firm 1 to have a higher output than firm 2. a) true
b) false

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Two firms have the same technology and must pay the same wages for labor. They have identical factor...

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