Describe why there is pressure on the price to fall when P > ATC. Is there a

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Describe why there is pressure on the price to fall when P > ATC. Is there a long- and short-run distinction in the answer?

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Feb 11, 2020 09:38 AM

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Describe why there is pressure on the price to fall when P < ATC. Is there a long- and short-run distinction in the answer?
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Describe why there is pressure on the price to fall when P > ATC. Is there a

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we can understand this concept with the example of perfect competitive market when price is greater ...View the full answer

Issues in Economics Today

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