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If the firm's lowest average cost is $52 and the corresponding average variable cost is $26, what does it pay a perfectly competitive firm to do if...

This question was answered on Jan 31, 2013. View the Answer
If the firm's lowest average cost is $52 and the corresponding average variable cost is $26, what does it pay a perfectly competitive firm to do if
a. the market price is $51
b. the price is $36
c. the price is $12
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If the firm's lowest average cost is $52 and the corresponding average variable cost is $26, what does it pay a perfectly competitive firm to do if a. the market price is $51
b. the price is $36
c....

This question was asked on Jan 31, 2013 and answered on Jan 31, 2013.

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