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Business, 28.08.2019 17:20 ritchieandrew249

Apencil manufacturer is in a perfectly competitive market. the firm can sell as much as it wants at a price of $1.50 per pencil. at some production levels, its average variable costs are less than $1.50, but there is not production level where its average total cost is equal or less than $1.50. what would be your recommendation to the pencil manufacturer?

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