Business, 03.08.2020 14:01, nickyacoub65
Equilibrium price is $8 in a perfectly competitive market. For a perfectly competitive firm, MR = MC at 150 units of output. At 150 units, ATC is $11, and AVC is $10. The best policy for this firm is to in the short run. Also, total fixed cost equals and total variable cost equals for this firm.
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Equilibrium price is $8 in a perfectly competitive market. For a perfectly competitive firm, MR = MC...
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