Critically evaluate and explain a. A firm in a perfectly competitive market should always shut when its

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Critically evaluate and explain

a. A firm in a perfectly competitive market should always shut when its marginal revenue is below its average cost ( equivalent to average total cost)

b. The intersection of marginal revenue and marginal cost determines the quantity at which a business in a perfectly competitive market is profitable

Posted Date: Jun 12, 2024 04:16 AM

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Critically evaluate and explain a. A firm in a perfectly competitive market should always shut when its

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