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Question

firms are leaving a perfect competitive industry .this suggests that for these firms:

A average revenue

exceeds marginal revenue

B marginal revenue exceeds average revenue

C average fixed cost exceeds average revenue

D average variable cost exceeds average revenue

E average cost equal average revenue


answer ?


And explanation ,please ,thanks

Top Answer

We know that, a shutdown point is a such level of product below which the firm experiences no benefit for continuing... View the full answer

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