Page 1 of 1
Question 19 If the market price for the perfectly competitive firm represented in Figure 1.5 is $4... Figure 1.5 PRIC7 C
Posted: Wed Jul 06, 2022 6:24 pm
by answerhappygod
- Question 19 If The Market Price For The Perfectly Competitive Firm Represented In Figure 1 5 Is 4 Figure 1 5 Pric7 C 1 (207.89 KiB) Viewed 24 times
Question 19 If the market price for the perfectly competitive firm represented in Figure 1.5 is $4... Figure 1.5 PRIC7 CROUST O A 1 1 1 1 1 1 QUANTITY I 1 " B 1 31 N # 1 MC ATC AVC a. The firm should produce 13 units. b. The firm should shut down. c. The firm will make an economic loss in the long-run. d. The firm should continue to produce though it will not recover its variable costs. (4 marks)