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please answer QUESTION 1 At which price should a firm continue to produce even though it is making a loss? Marginal Cost $60 - Average

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QUESTION 1 At which price should a firm continue to produce even though it is making a loss? Marginal Cost $60 - Average Total $45 - $40- - Cost Average $30- - - - - Variable Cost $10- - 200 450 1 800 650 $10 $30 $40 $45 $60 QUESTION 2 In long run equilibrium, a perfectly competitive firm: O can earn positive economic profits. O earns zero economic profits. O can earn negative economic profits. can do any of the above

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