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For an IT company, the total cost of production of 1600 computers in the past week was $320,000. Using the formula for unit cost, calculate
For an IT company, the total cost of production of 1600 computers in the past week was $320,000. Using the formula for unit cost, calculate the unit cost for the last week:
Question 14 options:
Because the government is insufficiently active in achieving perfect competition. | |
Because buyers don't have all of the information needed to make a completely rational decision. | |
Because there are too many producers for the concept of perfect competitiveness. | |
Because all producers create essentially the same product. |
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