This flashcard is just one of a free flashcard set. See all flashcards!
27
In the long run, firms want to (increase/decrease) ATC.
decrease - ATC= Average Total Cost, so by decreasing it, there's more room for profit
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 12.10.2010