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Author Question: Which of the following statements about a firm in a perfectly competitive industry is correct? (Read 32 times)

fungirl

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on: Oct 12, 2022
Which of the following statements about a firm in a perfectly competitive industry is correct?
◦ The firm will not produce at all if P < the minimum of AVC.
◦ The firm can improve its competitive position and sell more output by advertising its product.
◦ The firm maximizes its profit by producing where P = ATC.
◦ The firm maximizes its profit by producing where P = AVC.
◦ The firm will not produce at all if P < ATC.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by fungirl on Oct 12, 2022

labrinker

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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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fungirl

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

raenoj

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Reply 3 on: Yesterday
Wow, this really help

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