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14. Statement 1: The firm's short-run supply curve runs up the marginal cost curve from the shut-down point to the break-even point. Statement 2: The

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14. Statement 1: The firm's short-run supply curve runs up the marginal cost curve from the shut-down point to the break-even point. Statement 2: The firm will not accept a price below the break-even point in the short run. (LO6) a) Statement 1 is true, and statement 2 is false. b) Statement 2 is true, and statement 1 is false. c) Both statements are true. d) Both statements are false

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