sparklesharon6452 sparklesharon6452
  • 22-03-2024
  • Business
contestada

If price is above average variable cost and below average total cost, a profit-maximizing price-taker should:

a. continue producing as long as it expects the market price to rise above average total cost
b. halt production
c. reduce production in order to minimize costs
d. increase production in order to maximize profits

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