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Gene owns a perfectly competitive firm in the lawn mowing business. If Gene's marginal cost is $20, average total cost is $18, and the price
Gene owns a perfectly competitive firm in the lawn mowing business. If Gene's marginal cost is $20, average total cost is $18, and the price to cut a lawn is $30: he is mowing the profit-maximizing number of lawns. he should mow more lawns. he should mow fewer lawns. he should shut down in the short run
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