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A firm has hired you as a consultant. This firm is perfectly competitive and has no control over price.

This firm is selling 10,000 units at a price of $4. Total costs are $30,000. Total variable costs are $25,000. They can produce another unit at a cost of about $2.

What do you recommend?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M93131382
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