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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 The price is


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?

May 15 2020 View more View Less

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