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Author Question: A perfectly competitive firm facing a price of $4.00 is currently producing an output level where ... (Read 20 times)

ddddddddddeeee4444

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on: Oct 12, 2022
A perfectly competitive firm facing a price of $4.00 is currently producing an output level where average variable cost is $2.00, average total cost is $4.00, and marginal cost is $3.00. In order to maximize profits, this firm should
◦ decrease output.
◦ shut down.
◦ increase output.
◦ increase the market price.
◦ not change output. This firm is at its profit-maximizing position.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ddddddddddeeee4444 on Oct 12, 2022

SphnxKickin

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Reply #1 on: Oct 12, 2022
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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ddddddddddeeee4444

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

T4T

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

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