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Title: When price is below average variable cost, a firm in a competitive market will

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Q:

When price is below average variable cost, a firm in a competitive market will

           a.   shut down and incur fixed costs.

           b.   shut down and incur both variable and fixed costs.

           c.    continue to operate as long as average revenue exceeds marginal cost.

           d.   continue to operate as long as average revenue exceeds average fixed cost.


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Title: When price is below average variable cost, a firm in a competitive market will

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    • Posted Date: Apr 28, 2012 at 9:17:56 PM

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A:
...sp;        a.   shut down and incur fixed costs.    &n...
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