Business, 12.08.2019 18:30 kayleewoodard

When a competitive firm finds that the market price is below its minimum average variable cost level, it will sell:
(a) the output where average total costs equal price
(b) nothing a all, he firm shuts down
(c) the output level where marginal revenue equals marginal cost
(d) any positive output the entrepreneur decides upon because all of it can be sold

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When a competitive firm finds that the market price is below its minimum average variable cost level...