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Author Question: Consider a perfectly competitive firm that is producing a level of output such that price equals ... (Read 87 times)

Katmoss16

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on: Oct 12, 2022
Consider a perfectly competitive firm that is producing a level of output such that price equals average total cost and average total cost is less than marginal cost. In order to maximize its profits, the firm should
◦ not change output.
◦ shut down.
◦ reduce output.
◦ expand output.
◦ increase the market price.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Katmoss16 on Oct 12, 2022

feiojef

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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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Katmoss16

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

ASDFGJLO

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

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