Discuss why a firm may decide to continue producing a good
Discuss why a firm may decide to continue producing a good even if its price may be less than the average total cost. (Hint: Refer to the shut-down point and provide a real-world example so others can come up with different examples).
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suppose the market supply function for natural gas is p 10 2q and the market demand function of natural gas is p 70
discuss why a firm may decide to continue producing a good even if its price may be less than the average total cost
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