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Consider the unit cost curves of a single rm in competitive market. The market price is W and the rm applies the shutdown rule and the short term output rule to determining how much to produce. unlt O, 02 0: Qty In the short run, the firm will produce Q1 units of output. In the short run, the firm will produce Q2 units of output. O In the short run, the firm will produce Q3 units of output. O The firm's profit will be equal to the area of the shaded box. The firm's loss will be equal to the area of the shaded box. None of the answers are correct.Consider the unit cost curves of a single rm in competitive market. The market price is W and the rm applies the shutdown rule and the short term output rule to determining how much to produce. Slunit In the short run, the firm will produce Q1 units of output. O) In the short run, the firm will produce Q2 units of output. () In the short run, the firm will produce Q3 units of output. O The firm's profit will be equal to the area of the shaded box. O The firm's loss will be equal to the area of the shaded box. None of the answers are correct.Consider the unit cost curves of a single rm in competitive market. The market price is Z and the rm applies the shutdown rule and the short term output rule to determining how much to produce. Slunit MC, x .............................................. A E1 \"'7 y ...... ._ ............................ AXE: ......... , \"m _ ............................................................... a, a, 03 0&2?! C] In the short run, the rm will produce Q1 units of output. C] In the short run, the rm will produce Q2 units of output. C] In the short run, the rm will produce Q3 units of output. C] The rm's prot will be equal to the area of the shaded box. C] The rm's loss will be equal to the area of the shaded box. C] None of the answers are correct. Consider the unit cost curves of a single rm in competitive market. The market price is Z and the rm applies the shutdown rule and the short term output rule to determining how much to produce. Slunlt C In the short run, the rm will produce Q1 units of output. C In the short run, the rm will produce Q2 units of output. C In the short run, the rm will produce Q3 units of output. C The rm's prot will be equal to the area of the shaded box. C The rm's loss will be equal to the area of the shaded box. C None of the answers are correct. Consider the unit cost curves of a single rm in competitive market. The market price is Y and the rm applies the shutdown rule and the short term output rule to determining how much to produce. Stunlt O In the short run, the firm will produce Q1 units of output. O In the short run, the firm will produce Q2 units of output. O) In the short run, the firm will produce Q3 units of output. O The firm's profit will be equal to the area of the shaded box. O The firm's loss will be equal to the area of the shaded box. None of the answers are correct