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Question
A firm in a competitive industry faces the following short-run cost and revenue conditions: ATC = $8; AVC = $4; and MR = MC = $6. This firm should
A) expand production and keep price constant.
B) decrease production and raise its price.
C) shut down.
D) continue to operate at the same price and output level in the short run.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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