Business, 08.04.2020 00:03 shiannlacy33

Converse, a college apparel company, has been fairly successful in its market. Lydia sees an opportunity for profit and enters the market. After producing her profit-maximizing level of output, she finds that her average total cost per unit is $40, her average variable cost per unit is $30, and the market price is $35. In the short run, Lydia should

A. shut down her denim-colored college sportswear businessand go back to college
B. stay in business even though she is suffering a loss
C. expand production since she is making a positive economic profit
D. More information is needed to answer this question.

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Converse, a college apparel company, has been fairly successful in its market. Lydia sees an opportu...

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