Would a profit-maximizing firm continue to operate if the price in the market fell below its average

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Would a profit-maximizing firm continue to operate if the price in the market fell below its average cost of production in the short run?

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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Question Posted: Dec 15, 2015 07:50 AM

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Would a profit-maximizing firm continue to operate if the price in the market fell below its average

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A profitmaximizing firm will continue to operate even if price falls below average cost as long ...View the full answer

Microeconomics

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