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Author Question: If average total cost > average variable cost > price, a profit maximizing firm in a perfectly ... (Read 156 times)

littleanan

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on: Jul 20, 2019
If average total cost > average variable cost > price, a profit maximizing firm in a perfectly competitive market should:
◦ shut down in the short run.
◦ increase its output level to minimize its loss.
◦ continue to produce its current output level.
◦ none of the above
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by littleanan on Jul 20, 2019

coyin

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Reply #1 on: Jul 20, 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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littleanan

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Reply #2 on: Jul 20, 2019
Excellent


coyin

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Reply #3 on: Jul 20, 2019
Great! Please up vote :D


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