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Answer to Question #36637 in Microeconomics for lasisi
Question #36637
if the AC of a firm is less than MC of any output, this means that?
a. thats a condition of perfect competition
b. AC decreases when their is increase in general production
c. AC increases with increase in production
d. MC is independent from total production
a. thats a condition of perfect competition
b. AC decreases when their is increase in general production
c. AC increases with increase in production
d. MC is independent from total production
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