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1 0 . Given the following financial information: - - MR = MC = $ 5 . 0 0 at output level ( Q )
Given the following financial information: MR MC $ at output level Q; ATC $; AVC $ Using the data as presented above of a perfectly competitive firm, a the competitive firm should shut down immediately b the competitive firm is operating at a loss at $ but should keep the operation going c the competitive firm's TFC is $ had the firm decided to shut down d existing firms would leave the industry until MR is tangent to ATC at $ in the long run e firms would enter the industry until MR is tangent to ATC at $ in the long run only b c d are correct only e is correct only b and c are correct every one of the answers is correct
Given the following financial information:
MR MC $ at output level Q;
ATC $;
AVC $
Using the data as presented above of a perfectly competitive firm,
a the competitive firm should shut down immediately
b the competitive firm is operating at a loss at $ but should keep the operation going
c the competitive firm's TFC is $ had the firm decided to shut down
d existing firms would leave the industry until MR is tangent to
ATC at $ in the long run
e firms would enter the industry until MR is tangent to ATC at $ in the long run
only b c d are correct
only e is correct
only b and c are correct
every one of the answers is correct
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