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Business, 05.02.2020 07:51 theylovenylah
When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell a) the output where marginal revenue equals marginal cost. b) the output whop average total cost equals price. c) any positive output the entrepreneur decides upon because all of it can be sold. d) nothing at all; the firm shuts down.
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When a perfectly competitive firm finds that its market price is below its minimum average variable...
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