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sinerus sinerus
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Kevin's Golf-a-Rama sells golf balls in a perfectly competitive market. At its current level of golf ball production, Kevin has marginal costs equal to $1, and AVC is rising. If the market price of golf balls is $2, Kevin should
A) continue producing the current level of production.
B) decrease the level of golf ball production.
C) shut down and produce no golf balls.
D) increase the production of golf balls.
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Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
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Quinn1981Quinn1981
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