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A firm sells 1,000 units per week. Suppose the average variable cost is $40, and the average cost is $85. In the short run, the
A firm sells 1,000 units per week. Suppose the average variable cost is $40, and the average cost is $85.
In the short run, the break-even price is. In the long run, the break-even price is.
Suppose the firm charges a price of $63 per unit.
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