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Business, 22.04.2021 22:20 olivialaine31

​A monopolistically competitive firm is currently charging a price of $20 and producing 3,000 units/month. It faces monthly fixed costs of $1,000 and has an average variable cost of $22/unit. We would expect: a. ​The firm to earn an economic profit in the long run b. ​The firm to shut down in the short run c. ​The firm to raise its price to cover its variable costs d. ​The firm to adjust its production to minimum efficient scale

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​A monopolistically competitive firm is currently charging a price of $20 and producing 3,000 units/...
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