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Author Question: The ________ for a perfectly competitive industry is the horizontal sum of the individual firms ... (Read 66 times)

yoooooman

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on: Apr 19, 2019

Question 1

A perfectly competitive firm will be ________ if it operates at the minimum point on its average variable cost curve.


◦ maximizing losses
◦ operating at its shutdown point
◦ minimizing profits
◦ breaking even

Question 2

The ________ for a perfectly competitive industry is the horizontal sum of the individual firmsʹ marginal cost curves above 
AVC.


◦ short-run industry supply curve
◦ long-run industry supply curve
◦ short-run industry marginal revenue curve
◦ long-run industry marginal revenue curve
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by yoooooman on Apr 19, 2019

spencer.martell

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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yoooooman

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

ebonylittles

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Reply 3 on: Yesterday
Wow, this really help

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