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Alek Hsiang Alek Hsiang
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5 years ago
If a firm's average total cost is less than price where MR = MC

• the firm should shut down.

• the firm should raise its price.

• the firm should continue to produce the output it is producing.

• the firm should cut back on its output to lower its cost.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
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jenniferagrethejenniferagrethe
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5 years ago
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Alek Hsiang Author
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5 years ago
this is exactly what I needed
cipcal
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Brilliant ツ
my2redeyes
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2 hours ago
This site is awesome
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