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ECON CT3RA - Explain why If price is less than average variable

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Subject: Economics
Due on: 06/24/2017
Posted On: 06/24/2017 09:48 AM

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Explain why "If price is less than average variable cost at the profit maximizing quantity of output in the short run, a perfectly competitive firm will Shut down production."

Tags average variable price explain ct3ra econ perfectly short competitive firm production shut output quantity average price variable cost maximizing profit explain

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ECON CT3RA - Explain why If price is less than average variable

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