Business, 16.04.2020 17:48 angelica9613

At the point at which P=MC, suppose that a perfectly competitive firm's MC = $100, its AVC = $80 and its AC = $110. This firm should continue operating in the short run. try to increase its advertising and promotion. try to take advantage of economies of scale. shut down immediately.

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At the point at which P=MC, suppose that a perfectly competitive firm's MC = $100, its AVC = $80 and...

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