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Home Q & A Board Other Fields Homework Help Business Economics
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jonnyjon jonnyjon
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5 years ago
If price is below average variable costs at all rates of output, the quantity supplied by a perfectly competitive firm will equal

• the rate of output where marginal revenue equals average fixed costs.

• the rate of output where price equals marginal cost.

• the rate of output associated with the break-even point.

• zero.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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Kailz1218Kailz1218
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#1
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5 years ago
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jonnyjon Author
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5 years ago
Correct Slight Smile TY
larrybrads
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Yesterday
Thank you, thank you, thank you!
ethom947
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2 hours ago
Good timing, thanks!
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