Business, 18.08.2021 05:10 katelozo117

A perfectly competitive firm in a constant-cost industry produces 1,000 units of a good at a total cost of $50,000. The prevailing market price is $48. Assuming that this firm continues to produce in the long run, what happens to output level in the long run

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A perfectly competitive firm in a constant-cost industry produces 1,000 units of a good at a total c...