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    Principles of Microeconomics
  4. Exam
    Exam 9: Long-Run Costs and Output Decisions
  5. Question
    If, at the Output Where Marginal Revenue Equals Marginal Cost
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If, at the Output Where Marginal Revenue Equals Marginal Cost

Question 235

Question 235

True/False

If, at the output where marginal revenue equals marginal cost, price is between average total cost and average variable cost, a firm will continue to produce in the short run.

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