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thanhha78 thanhha78
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6 years ago
If average total cost > average variable cost > price, a profit maximizing firm in a perfectly competitive market should
A) continue to produce its current output level.
B) increase its output level to minimize its loss.
C) shut down in the short run.
D) none of the above
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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thanhha78 Author
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#2
6 years ago
can't thank you enough for this, appreciate it a lot
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