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Question
Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC = $7.00; AVC = $5.00; MC = $6.50; MR = $6.50. The firm should
A) increase output.
B) decrease output.
C) continue to produce its current output.
D) shut down.
Answer
This answer is hidden. It contains 1 characters.
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