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Essay

Pure Competition

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Brenda M

 

Date added:

January 26, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 438

 

Was viewed:

3611 times

 

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Essay content:

If price is less than average variable cost, the firm minimizes its loss by shutting down. If price is greater than average variable cost but less than average cost, the firm minimizes its loss by producing the P=MC output. The firm minimizes its economic profit at P=MC output if price exceeds average total cost...
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If price is less than average variable cost, the firm minimizes its loss by shutting down. If price is greater than average variable cost but less than average cost, the firm minimizes its loss by producing the P=MC output. The firm minimizes its economic profit at P=MC output if price exceeds average total cost...
displayed 300 characters

General issues of this essay:
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