Question
True or False. Justify your answer When operating in the long run a perfectly competitive firm is facing average total cost of ATC=3-y+0.25y^2. Given that
True or False. Justify your answer
When operating in the long run a perfectly competitive firm is facing average total cost of ATC=3-y+0.25y^2. Given that the ongoing market price is p=$2.2 the firm should exit the industry.
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
