When a competitive firm finds that the market price is below its minimum average variable cost level, it will sell:
(A) The output where average total costs equal price
(B) Nothing a all, he firm shuts down
(C) The output level where marginal revenue equals marginal cost
(D) Any positive output the entrepreneur decides upon because all of it can be sold
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Home » Business » When a competitive firm finds that the market price is below its minimum average variable cost level, it will sell: (A) The output where average total costs equal price (B) Nothing a all, he firm shuts down (C) The output level where marginal