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QUESTION 5 A perfectly competitive firm in the short run has a minimum AVC=$4 and a minimum ATC=$5. What is the price at which the

QUESTION 5

  1. A perfectly competitive firm in the short run has a minimum AVC=$4 and a minimum ATC=$5. What is the price at which the firm will break even?
  2. a.$3
  3. b.$2
  4. c.$5
  5. d.$4

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