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06-01-2020
Social Studies

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Suppose a perfectly competitive firm, which is initially in long-run equilibrium experiences a decrease in the wages it must pay its employees. In the short run, which of the following will occur?

Respuesta :

08-01-2020

Answer:

C) ATC and MC will shift down, causing the firm to earn a positive economic profit.

Explanation:

In the short run, average total cost and marginal cost of production will decrease causing the firm to earn more profit.

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