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Why is 8's answer c? If a profit-maximizing firm in a perfectly competitive market chooses to produce in the short run, then marginal cost is
Why is 8's answer c?
If a profit-maximizing firm in a perfectly competitive market chooses to produce in the short run, then marginal cost is always (A) greater than or equal to total cost greater than or equal to average total cost greater than or equal to average variable cost (D) greater than or equal to average fixed cost (E) less than average total costStep by Step Solution
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