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jadinh jadinh
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A year ago
In the short run, the profit-maximizing behaviour for a price-taking firm requires it to operate where

AVC = AR.

P > MR > MC.

TR = TC.

P = MC, given that P is greater than or equal to AVC.

P = MC, given that P is greater than or equal to ATC.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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IgnesiasIgnesias
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A year ago
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jadinh Author
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Thank you, thank you, thank you!
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Thanks for your help!!
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Brilliant
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