Business, 26.11.2019 00:31 kingofguns2826

In a perfectly competitive industry the market price is$12. a firm is currently producing 50 units of output; average total cost is $10, marginal cost is $15, and average variable cost is $7. is the firm making the profit-maximizing decision? why or why not? if not, what should the firm do? should the firm shut down? explain.

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