Explain why a perfectly competitive firm will not

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12.Explain why a perfectly competitive firm will not produce in the short run if price islower than average variable cost, but it will produce if price is below average total cost (but above average variable cost).
15.Why is the marginal revenue curve for a perfectly competitive firm the same as its demand curve?
17.Do firms in a perfectly competitive market exhibit productive efficiency?
Working with Numbers and Graphs: 1, 3, 4, 6, 8, 9, 10 (p276)1.Given the following information, state whether the perfectly competitive firm shouldshut down or continue to operate in the short run.
c.Q = 150; P = $7; AFC = $5; AVC = $6.

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