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In the Short-Run, If P < ATC, a Perfectly Competitive

Question 59

Question 59

Multiple Choice

In the short-run, if P < ATC, a perfectly competitive firm should

A) increase production to the output level at which P = ATC.
B) continue producing at a loss.
C) shut down.
D) continue producing at a profit.
E) There is not enough information to answer the question.

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