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Question
Suppose a perfectly competitive firm faces the following cost and revenue conditions: ATC = $25.00; AVC = $20.00; MC = $25.00; MR = $28.00. The firm should
A) decrease output.
B) increase output.
C) shut down.
D) continue to produce its current output.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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