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Author Question: If a perfectly competitive firm finds that price is less than its ATC, then the firm (Read 67 times)

Collmarie

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on: May 24, 2019
If a perfectly competitive firm finds that price is less than its ATC, then the firm
◦ will raise its price to increase its economic profit.
◦ will lower its price to increase its economic profit.
◦ is making an economic profit.
◦ is incurring an economic loss.
◦ is making zero economic profit.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Collmarie on May 24, 2019

CourtneyCNorton

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Reply #1 on: May 24, 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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Collmarie

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

olderstudent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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