Business, 22.10.2019 19:00 thebasedgodchri
Assume that a profit-maximizing firm is perfectly competitive in both the output and the factor markets and is at its long-run equilibrium. the firm's output is 100 units, its total revenue is $600.00, and the fixed cost of production is $50.00. based on this information, which of the following is true for the firm?
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Assume that a profit-maximizing firm is perfectly competitive in both the output and the factor mark...
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