How much firm will produce in a perfectly competitive market

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A firm in a perfectly competitive market will produce 0 output in the short run if the price in below $20 but will produce if the price is above $20. The smallest quantity they will produce in the short run is 6. The minimum of ATC is $447.75 at a quantity of 21. The fixed cost is $6615.

Reference no: EM13223442

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