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If a potato farmer expands output, he finds that the increase in total revenue is less than the increase in total costs. This means that:A) Profit is being maximizedB) He should not have expanded outputC) He should produce even more…

Unit 6 Assignment Student Name: Please answer the following questions. Submit as a Microsoft Word® document to the Dropbox when completed. 1. Do the firms in an oligopoly act independently or interdependently? Explain your answer. 2. A monopolistically competitive firm…