In the long run, when average total cost is greater than price, a firm should:
A) enter a new market.
B) remain in the market.
C) leave the market.
D) expand internationally.
Correct Answer:
Verified
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Q43: (Figure: Business Decision to Shut Down 0)
Q44: (Figure: Business Decision to Shut Down 0)
Q45: (Figure: Business Decision to Shut Down 2)
Q46: (Figure: Business Decision to Shut Down 2)
Q48: In the long run, if Britta's average
Q49: In the long run, if Britta's average
Q50: In the long run, if Britta's average
Q51: To determine profitability, a firm looks to
Q52: To determine whether to exit or enter
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