Question: Question (t point Why does a firm in a competitive industry charge the market price? Because in order to sell more quantity, the firm must

Question (t point Why does a firm in a competitive industry charge the market price? Because in order to sell more quantity, the firm must drop its price. afirm charges more than the market price, it loses all its customers to other Because the firm is a price maker. firms All of the above are correct. Question 10 (1 point) Listen We found that a firm will shutdown in the short-run if the price is can sell for is: less than average total cost. O greater than marginal cost. O greater than average variable cost but less than average total cost. less than average variable cost. Question 11 (1 point)

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