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Author Question: For a perfectly competitive firm, when P= MC= ATCthe firm should reduce its output so as to increase ... (Read 55 times)

savannahhooper

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on: Apr 19, 2019

Question 1

Individual firms in perfectly competitive industries decide what price to charge for their output and what quantity of output to produce.


◦ true
◦ false

Question 2

For a perfectly competitive firm, when 
P = 
MC = 
ATC the firm should reduce its output so as to increase its profits.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by savannahhooper on Apr 19, 2019

debra928

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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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savannahhooper

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

ultraflyy23

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Reply 3 on: Yesterday
Wow, this really help

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