Business
Business, 05.05.2020 17:35, lance31

T-Shirt Enterprises is selling in a purely competitive market. It is producing 3,000 units, selling them for $2.00 each. At this level of output, the average total cost is 2.50 and the average variable cost is $2.20. Based on these data, the firm should Multiple Choice continue to produce 3,000 units. decrease output to 2,500 units. increase output to 3,500 units. shut down in the short run.

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T-Shirt Enterprises is selling in a purely competitive market. It is producing 3,000 units, selling...

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