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Tidy Tidy
wrote...
Posts: 4852
8 years ago
If, for a given output level, a perfectly competitive firm's price is less than its average variable cost, the firm
A) is earning a profit.
B) should shut down.
C) should increase output.
D) should increase price.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 162 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Answer verified by a subject expert
VincenzoDVincenzoD
wrote...
Top Poster
Posts: 1913
8 years ago
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Tidy Author
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Helped a lot
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This helped my grade so much Perfect
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Just got PERFECT on my quiz
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