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Title: Profit-maximizing firms enter a competitive market when, for existing firms in that market,

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Q:

Profit-maximizing firms enter a competitive market when, for existing firms in that market,

           a.   total revenue exceeds fixed costs.

           b.   total revenue exceeds total variable costs.

           c.    average total cost exceeds average revenue.

           d.   price exceeds average total cost.


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Title: Profit-maximizing firms enter a competitive market when, for existing firms in that market,

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    • Posted Date: Apr 28, 2012 at 9:20:59 PM

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A:
...sp;        a.   total revenue exceeds fixed costs.    ...
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