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Business, 25.04.2020 00:47 codyjacksnow

A competitive firm operating in the short run is maximizing profits and just breaking even. Its costs include a monthly license fee of $150 that is imposed by the state and must be paid for as long as the firm is in existence. The license fee is now increasedto $200. In the short run, the profitmaximizing firm should: a. not change outputb. increase price. c.increase outputd. reduce output

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