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compettitive market, Managerial Economics
Tomato Farm is selling tomatoes in a purely competitive market. Its output is 5000 bushels, which sell for $15 a bushel. At this level of output, the marginal cost is $15 bushel and average total cost is $14.50 a bushel. Should the firm increase output, decrease output, or not produce ? Why ?
Posted Date: 4/3/2013 10:22:40 PM | Location : Malaysia
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