Business, 24.04.2020 15:24 genyjoannerubiera

Equilibrium price is $19 in a perfectly competitive market. For a perfectly competitive firm, MR = MC at 120 units of output. At 120 units, ATC is $11, and AVC is $8. The best policy for this firm is to in the short run. Also, this firm earns of if it produces and sells 120 units. Finally, the difference between total revenue and total fixed cost for this firm is .

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Equilibrium price is $19 in a perfectly competitive market. For a perfectly competitive firm, MR = M...

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