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tancod703Lv1
11 Dec 2019
A profit maximizing firm will shut down and produce zero output under perfect competition if:
A. Marginal revenue is less than marginal cost
B. Price is higher than average variable cost but less than average total cost
C. Price is less than average variable cost
D. Price is less than average total cost
A profit maximizing firm will shut down and produce zero output under perfect competition if:
A. Marginal revenue is less than marginal cost
B. Price is higher than average variable cost but less than average total cost
C. Price is less than average variable cost
D. Price is less than average total cost
Chika IlonahLv10
10 Oct 2020
