When a firm chooses to shutdown, it is a. Making a poor decision because it should always
Question:
When a firm chooses to shutdown, it is
a. Making a poor decision because it should always produce where marginal cost equals marginal revenue.
b. Making a poor decision because it should always produce where average costs exceed average revenue.
c. Making a good decision as long as the price it is getting is less than its average costs.
d. Making a good decision as long as the price it is getting is less than its average variable costs.
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