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A firm in a truely competitive mkt discovers that the price of its product is above its minimum AVC point but everywhere below its ATC. Then the firm: A) minimizes losses by producing at the minimum point of its AVC curve B) maximizes profits by producing where MR=ATC C) should close immediately D) continue producing in short run but leave industry in long run if problem persists

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91695563

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