The firm should shut down immediately when price is below average _________ cost.
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Q58: The perfectly competitive firm produces where price
Q59: The firm's profit is the difference between
Q60: Profits disappear eventually in perfect competition because
Q61: When a perfect competitor is at the
Q62: When a perfect competitor is at the
Q64: The firm is making an economic profit
Q65: Market _ relates to the number, size,
Q66: A product is _ if items produced
Q67: Perfect competitors are _ _ because they
Q68: The demand curve facing the perfectly competitive
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