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Firms in competitive market

Firms in competitive market

For the firm's short-run decision about suuply

If Price= Average Variable Cost (P=AVC), what's the quantity of supply?

Our teacher only told us "firms shuts down if P<AVC", "firms will produce in the short-tum if P>AVC"

Thanks a lot!

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I'm sorry but do you know that the marginal cost curve is also the supply curve?

What I ask is the situation for P=AVC...I think the quantity supply could be any below the quantity when P=AVC....Just to check if my assumption is right

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I'm sorry but do you know that the marginal cost curve is also the supply curve?

What I ask is the situation for P=AVC...I think the quantity supply could be any below the quantity when P=AVC....Just to check if my assumption is right

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Anyhow, Thank you for your reply.

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Yeap ...and my result is "quantity supply could be any below the quantity when P=AVC", as I've said

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