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If average variable cost exceeds the market price and there are no fixed costs what level of output should the firm produce? - Economics

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प्रश्न

If average variable cost exceeds the market price and there are no fixed costs what level of output should the firm produce?

अति संक्षिप्त उत्तर
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उत्तर

The firm should not produce any output because it must cover at least variable costs to stay in business.

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पाठ 11: Determination of Equilibrium Price and Output Under Perfect Competition - TEST YOURSELF QUESTIONS [पृष्ठ २००]

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फ्रँक Economics [English] Class 12 ISC
पाठ 11 Determination of Equilibrium Price and Output Under Perfect Competition
TEST YOURSELF QUESTIONS | Q 2. | पृष्ठ २००
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