Given the following information, state whether the perfectly competitive firm should shut down or continue to operate
Question:
a. Q = 100; P = $10; AFC = $3; AVC = $4
b. Q = 70; P = $5; AFC = $2; AVC = $7
c. Q = 150; P = $7; AFC = $5; AVC = $6
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a Continue to operate ...View the full answer
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Diane Joyce Pastorin
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