Business, 18.10.2019 21:20 cascyrio2002

Afirm sells a product in a purely competitive market. the marginal cost of the product at the current output of 200 units is $4.00. the average variable cost is $3.50. the market price of the product is $3.00. to maximize profits or minimize losses, the firm should
a. continue producing 1,000 units
b. produce less than 1,000 units
c. produce more than 1,000 units
d. shut down

Answers: 2

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Afirm sells a product in a purely competitive market. the marginal cost of the product at the curren...