Business, 23.11.2019 02:31 bullockarwen

In a purely competitive market, a firm finds that at its mr=mc output level the total variable cost (tvc) equals $550, total fixed cost (tfc) equals $250, and total revenue equals $700. the firm
a. produce because it will realize an economic profit.
b. produce because it can still cover its total costs.
c. shut down in the short run.

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In a purely competitive market, a firm finds that at its mr=mc output level the total variable cost...

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