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3 months 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.
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Microeconomics
Edition: 7th
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3 months ago
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the firm should continue to produce the output it is producing.
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