When the marginal cost is higher than the average total cost, 

A. the average fixed cost must exceed the average variable cost.
B. the average variable cost must also be higher than the average total cost.
C. the higher additional value causes the average to rise.
D. the higher additional value causes the average to fall.

Answer: C

Economics

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Price-fixing agreements among competing firms are a violation of the Sherman Antitrust Act

a. True b. False

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