Business, 13.03.2020 04:58 gggggggggggg5496

A firm 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 shouldA. Continue to produce 500 units
B. Produce less than 500 units
C. Produce more than 500 units
D. Shut down

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A firm sells a product in a purely competitive market. The marginal cost of the product at the curre...