By setting MR = MC,a competitive firm decides to sell 100 units when the market price is $20.The average cost of producing the 100 units is $18 per unit.If the firm has fixed costs of $500,then the firm should
A) shutdown
B) expand production
C) exit the industry
D) increase their price

Question

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The Answer of By setting MR = MC,a competitive firm decides to sell 100 units when the market price is $20.The average cost of producing the 100 units is $18 per unit.If the firm has fixed costs of $500,then the firm should
A) shutdown
B) expand production
C) exit the industry
D) increase their price

By Setting MR = MC,a Competitive Firm Decides to Sell