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Home Q & A Board Other Fields Homework Help Business Economics
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KoolinIt KoolinIt
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2 years ago
When a perfectly competitive firm is at its short-run profit-maximizing level of output, it

▸ is producing where MC = AC.

▸ is doing as well as it can and is making a profit.

▸ is producing where price exceeds marginal cost.

▸ is producing where P = AVC.

▸ may be making a profit or incurring a loss.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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pigglyoink14pigglyoink14
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2 years ago
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KoolinIt Author
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2 years ago
Correct Slight Smile TY
MLynneMcMillan
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Yesterday
this is exactly what I needed
lierac00
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2 hours ago
Thanks for your help!!
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