A firm will shut down in the short run if at the profit-maximizing quantity, ________. A. total

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A firm will shut down in the short run if at the profit-maximizing quantity, ________.

A. total revenue is less than total cost B. marginal revenue is less than average fixed cost C. average total cost exceeds the market price D. marginal revenue is less than average variable cost

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Essential Foundations Of Economics

ISBN: 9781786633255

8th Edition

Authors: Robin Bade, Michael Parkin

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