Given a diagram for a competitive firm, price or marginal revenue, be able to determine the...

Given a diagram for a competitive firm, price or marginal revenue, be able to determine the profit maximizing quantity. Given the profit maximizing quantity, ATC and AVC, be able to determine how much the firm would lose if they were to produce versus shut-down. Lastly, state whether the firm should produce or shut down.

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Rahul Sunny answered 1 year ago

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