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jhaygood86 jhaygood86
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6 years ago
If a profit-maximizing business in a perfectly competitive industry has economic losses, then it must be producing a level of output where
A) price is greater than marginal cost.
B) price is greater than marginal revenue.
C) marginal cost is greater than marginal revenue.
D) average total cost is greater than marginal cost.
E) average total cost is less than marginal cost.
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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
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holymanholyman
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#1
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6 years ago
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jhaygood86 Author
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6 years ago
Thanks
novae
wrote...

Yesterday
Helped a lot
carston
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2 hours ago
Good timing, thanks!
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