How does the price faced by a profit-maximizing competitive, Business Economics

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How does the price faced by a profit-maximizing competitive

1- How does the price faced by a profit-maximizing competitive firm compare to its marginal cost? Explain.

2- When does a profit-maximizing competitive firm decide to shut down?

3- When does a profit-maximizing competitive firm decide to exit a market?

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Business Economics: How does the price faced by a profit-maximizing competitive

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Business Economics: How does the price faced by a profit-maximizing competitive

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