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babymother [125]
2 years ago
13

If a perfectly competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $26 per bushel and

the marginal cost is $26 per bushel, the firm should:
Business
1 answer:
Elodia [21]2 years ago
3 0

Answer:

Explanation:

The firm Should decrease the output.

Because as we see selling price P is LESS than Marginal Cost (MC) and in perfect competition P=MC for efficient allocation . So By decreasing output firm can decrease MC ⇒ which leads to output where P=MC.

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