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sgy_89 sgy_89
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7 years ago
In the short run, a purely competitive firm can maximize its profit or minimize its loss by producing at the level of output where
A) marginal revenue is equal to price.
B) marginal revenue is equal to marginal cost.
C) average total cost is minimized.
D) price exceeds average total cost by the greatest amount.
E) marginal revenue is equal to average variable cost.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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foliogefolioge
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7 years ago
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sgy_89 Author
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7 years ago
Thank you, thank you, thank you!
sadiewolf
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Yesterday
You make an excellent tutor!
amandamraz
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2 hours ago
Good timing, thanks!
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