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Author Question: Consider a short-run equilibrium in a perfectly competitive market. Suppose that the firms' average ... (Read 87 times)

joesmith1212

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on: May 24, 2019
Consider a short-run equilibrium in a perfectly competitive market. Suppose that the firms' average total cost and marginal cost schedules differ. In the short run,
◦ all firms in the market must be able to make an economic profit.
◦ all firms produce equal amounts of output.
◦ some firms might incur an economic loss, but still produce output.
◦ some firms might make an economic profit and, as a result, shut down.
◦ all firms in the market must be able to make either positive or zero economic profit.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by joesmith1212 on May 24, 2019

ntsoane kedibone

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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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joesmith1212

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

meow1234

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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