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03-09-2008, 08:42 PM
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| economics help once again!? An increase in a firm's fixed cost could lead to which of the following outcomes? I. The firm produces the same quantity as before the cost increase. II. The firm stays in business but decreases the quantity of output it produces. III. The firm shuts down in the long run. IV. The firm stays in business but increases the quantity of output it produces. A) I, II, III, or IV B) I or III C) I, II, or III D) II or III      |
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