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nguyenduong67 nguyenduong67
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7 years ago
Table 6.1 shows the cost structure of a firm in a perfectly competitive market. If the market price is $3,
A) the firm suffers a loss and is better off shutting down.
B) the market price is greater than the minimum average variable cost.
C) the firm suffers a loss but is better off producing the output level where MR = MC.
D) none of the above
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
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Lightman030Lightman030
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