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Business, 28.12.2019 02:31 jaimeg13

Consider a perfectly competitive firm in the short run. assume that it is sustaining economic losses but continues to produce. at the profit-maximizing (loss-minimizing) output, all of these statements are true except:
a. marginal cost is less than average total cost
b. marginal cost is less than average variable cost
c. price is equal to marginal cost
d. marginal cost is equal to marginal revenue

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Consider a perfectly competitive firm in the short run. assume that it is sustaining economic losses...

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