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The price-taker firm should discontinue production immediately if.

asked
User Baisong
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1 Answer

8 votes

Answer:

market price is less than the firms average variable cost

Step-by-step explanation:

a Price takers firm should discontinue the production immediately if the market price is less than the firm's average variable cost. The average variable cost is the cost incurred on the variable in view of the full answer

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User Akos Lukacs
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8.4k points

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