Business, 16.10.2021 02:50 narwhalebearp5871i

Suppose you are a consultant for BEST Inc., a firm in a purely competitive industry. Your research reveals two facts: (1) that the cost of producing the final unit of output is just equal to the market price, and (2) that the firm's total revenue is greater than its total variable cost and less than its total fixed cost. What would you recommend BEST do in the 1. short-run and in the 2. long-run

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Suppose you are a consultant for BEST Inc., a firm in a purely competitive industry. Your research r...