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1. Below what price the firm will shutdown in the short run ?2. If the market price was $8 what will be the profit? 12

1. Below what price the firm will shutdown in the short run ?2. If the market price was $8 what will be the profit?

12 11 MC 10 ATC AVC H. NW AUT O V DO 60 20 40 60 80 100 120 140

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