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28 Sep 2019
Nymeria Corp sells masks in a perfectly competitive market. They maximize their profit when they produce 63 masks for $32 each. When they produce 63 masks, their average total cost is $37 and their average variable cost is $28. (2 pts.) Should Nymeria Corp shut down? If market conditions remain the same, should Nymeria Corp exit the market?
Nymeria Corp sells masks in a perfectly competitive market. They maximize their profit when they produce 63 masks for $32 each. When they produce 63 masks, their average total cost is $37 and their average variable cost is $28. (2 pts.) Should Nymeria Corp shut down? If market conditions remain the same, should Nymeria Corp exit the market?
Darryn D'SouzaLv10
28 Sep 2019
