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2. Given the following information about a perfectly competitive firm in the short run: TR = $980,000; TC $1,400,000; TVC = $700,000. Using the information

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2. Given the following information about a perfectly competitive firm in the short run: TR = $980,000; TC $1,400,000; TVC = $700,000. Using the information provided, determine what this firm should do in the short run--that is, should it shut down in the short run or continue to operate and why

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