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If a perfectly competitive firm sells the product for a profit-maximizing price of $4.76 and has average total cost per unit of $5.16, in the
If a perfectly competitive firm sells the product for a profit-maximizing price of $4.76 and has average total cost per unit of $5.16, in the short run Part 2 A. this firm is losing money. B. this firm should shut down if $4.76 is less than minimum AVC. C. this firm must hope the market price rises soon or exit the industry. D. All of the above
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