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jacksonfive09 jacksonfive09
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5 years ago
Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC = $6.00; AVC = $4.00; MC = $3.50; MR = $3.50. The firm should

• increase price.

• shut down.

• remain at the same position.

• increase output.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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jrhome1985!jrhome1985!
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5 years ago
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jacksonfive09 Author
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