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Home Q & A Board Other Fields Homework Help Business Economics
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sinerus sinerus
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6 years ago
In a perfectly competitive market, if price is less than average total cost, but greater than average variable cost at the level of output where marginal cost equals marginal revenue
A) the firm is earning positive economic profit.
B) the firm should shut down.
C) the firm is earning negative economic profit.
D) We cannot determine whether the firm is earning positive or negative profits.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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#1
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6 years ago
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sinerus Author
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6 years ago
Good timing, thanks!
vanna2014
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Yesterday
this is exactly what I needed
TAT1238
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2 hours ago
Thanks
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