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If government officials break a natural monopoly up into several smaller firms, then the average costs of production will decrease. ( )

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When its variable costs are less than total revenue, a firm should shut down. ( )

If there is a way to change a situation so that at least some people gain while no one in the economy loses, the situation is economically inefficient. ( )

The cross elasticity of demand for substitute goods must be less than zero. ( )

If the size of a tax increases, tax revenue will increase, and then decrease. ( )

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