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Author Question: A perfectly competitive firm's ________ point is the lowest point on its AVCcurve. (Read 21 times)

captainjonesify

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on: Apr 19, 2019

Question 1

A firm will ________ in the short run if variable costs exceed revenues.


◦ earn a profit
◦ produce at a loss
◦ break even
◦ shut down

Question 2

A perfectly competitive firm's ________ point is the lowest point on its 
AVC curve.


◦ profit-maximizing
◦ break-even
◦ shut down
◦ loss-maximizing
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by captainjonesify on Apr 19, 2019

Briannahope

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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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captainjonesify

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Reply #2 on: Apr 19, 2019
TY


Briannahope

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Reply #3 on: Apr 19, 2019
You're welcome


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