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19.Three firms operate under perfect competition,producing 900 units of the same product but using different production technologies.Each company's cost structure is indicated below:
Which of the following statements is most accurate?If the unit selling price is: A.$6.00,all firms should exit the market in the long run. B.$3.00,firm X should continue to operate in the short run,but firms Y and Z should shut down production. C.$4.50,all firms should continue to operate in the short run,but exit the market in the long run if these conditions are expected to persist. |
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