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stars_and_moon stars_and_moon
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7 years ago
A price-taking firm is selling at the point where marginal revenue = marginal cost.  At that point price < average cost and price > average variable cost.  Is the firm earning positive or negative profits?  What should the firm do in the short run?  Explain.
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kingbykingby
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7 years ago
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#2
7 years ago
Perfectly answered Smiling Face with Open Mouth

Cheers
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#3
7 years ago
Great! Now we can move on to the next one
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