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In a perfectly competitive industry, the market price is R20. An individual firm produces output at which MC = AC = R25. AVC at that
In a perfectly competitive industry, the market price is R20. An individual firm produces output at which MC = AC = R25. AVC at that output is R15. What should the firm do to maximise short run profits?
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The Rise And Fall Of Neoliberal Capitalism
Authors: David M Kotz
1st Edition
0674725654, 9780674725652
