Social Studies, 06.07.2019 23:30 memeE15
As long as it does not shut down, a perfectly competitive firm earns the maximum profit possible as long as it operates so that a) market demand is inelastic. b) its price exceeds its marginal revenue. c) its price exceeds its average total cost. d) its marginal revenue equals its marginal cost.
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As long as it does not shut down, a perfectly competitive firm earns the maximum profit possible as...
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