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jus10n jus10n
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5 years ago
Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC = $700; AVC = $500; MC = $600; MR = $600. The firm should

• continue to produce its current output.

• shut down.

• increase output.

• decrease output.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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DryPhantomDryPhantom
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5 years ago
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jus10n Author
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5 years ago
Smart ... Thanks!
lierac00
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Yesterday
Helped a lot
kobbhy
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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