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A year 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
Source  Download
Survey of Economics: Principles, Applications and Tools
Edition: 6th
Authors:
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A year ago
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A year ago
can't thank you enough for this, appreciate it a lot
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