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Title: Consider two perfectly competitive firms producing the same product but using different methods.Both ... Post by: cmartinez034 on Oct 3, 2022 Consider two perfectly competitive firms producing the same product but using different methods.
Both Firm A and firm B have total revenues of $390 000 and total costs of $480 000. Firm A has total fixed costs of $50 000, while firm B has total fixed costs of $130 000. Which of the following statements are true in the short run? ▸ Firm A should shut down and Firm B should operate. ▸ Firm A should operate and Firm B should shut down. ▸ Both firms A and B should shut down. ▸ Cannot be determined based on the available data. ▸ Both firms A and B should operate. Title: Consider two perfectly competitive firms producing the same product but using different methods.Both ... Post by: angfucious on Oct 3, 2022 Content hidden
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