Business, 03.08.2019 01:20 miya257916

If price is between avc and atc, the best and most practical thing for a perfectly competitive firm to do is :
continue operating, but plan to go out of business.
shut down immediately, but not liquidate the business.
lower prices to gain revenue from extra volume. raise prices.
shut down immediately and liquidate the business.

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If price is between avc and atc, the best and most practical thing for a perfectly competitive firm...