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If the firm’s lowestaverage cost is $52 and the correspondin

Paper help Economics If the firm’s lowestaverage cost is $52 and the correspondin

Economics

If the firm’s lowestaverage cost is $52 and the correspondin

If the firm’s lowestaverage cost is $52 and the corresponding average variable cost is $26, what doe… Show more If the firm’s lowestaverage cost is $52 and the corresponding average variable cost is $26, what does it pay a perfectly competitive firm to do if a. The market price is $51? b. The price is $36? c. The price is $12? Please show work as to how you recieved the answers. Do not just give answers, please include any and all work/formulas. Work prolem out from beginning to end, no skipped steps. • Show less

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