2 A competitive firm maximises profit by choosing the quantity at which a average total cost is...

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2 A competitive firm maximises profit by choosing the quantity at which a average total cost is at its minimum.

b marginal cost equals the price.

c average total cost equals the price.

d marginal cost equals average total cost.

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Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

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Question Posted: Nov 04, 2024 06:01 AM

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Principles Of Microeconomics

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