If price is above ATC, the fi rm will . (LO6 , 8 ) a) shut down

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If price is above ATC, the fi rm will

. (LO6 , 8 )

a) shut down in the short run and go out of business in the long run

b) shut down in the short run and stay in business in the long run

c) operate in the short run and go out of business in the long run

d) operate in the short run and stay in business in the long run

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Economics

ISBN: 125375

10th Edition

Authors: Stephen Slavin

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