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if the price of a product is $12 , its average total cost is $2 and its average total cost is $15 at the profit-maximizing
if the price of a product is $12 , its average total cost is $2 and its average total cost is $15 at the profit-maximizing output level, in the short run the firm:
a) cannot cover total fixed cost costs
b) should expand output until MR=MC
c) must always shut down
d) experiences a loss
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