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  3. Study Set
    Microeconomics Principles
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    Exam 9: Perfect Competition
  5. Question
    If Average Variable Cost Exceeds Price for a Perfectly Competitive
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If Average Variable Cost Exceeds Price for a Perfectly Competitive

Question 30

Question 30

True/False

If average variable cost exceeds price for a perfectly competitive firm in the short run,then it could increase profits by raising its price.

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