if the firmlsquos lowest average cost is 52 and
If the firm‘s lowest average cost is $52 and the corresponding average variable cost is $26, what does it pay a perfectly competitive firm to do if
• The market price is $51?
• The price is $36?
• The price is $12?
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if the firmlsquos lowest average cost is 52 and the corresponding average variable cost is 26 what does it pay a perfectly competitive firm to do
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