Business, 25.02.2020 18:52 katelynbychurch
T-Shirt Enterprises is selling in a purely competitive market. Its output is 300 units, which sell for $10 each. At this level of output, marginal cost is $1 and average variable cost is $1.50. The firm should:
a. continue to produce 300 units.
b. increase output.
c. produce zero units of output.
d. decrease output.
Answers: 3
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T-Shirt Enterprises is selling in a purely competitive market. Its output is 300 units, which sell f...
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