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6 30 31 34 35 360 10 Price MC ATC 8 AVC 3.5 7 8 Quantity Refer to the above figure. If the price is

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6 30 31 34 35 360 10 Price MC ATC 8 AVC 3.5 7 8 Quantity Refer to the above figure. If the price is $4 and not expected to rise, what will happen in the long-run? It will produce where MC = $4 The firm will exit the market. The firm will shut down Average costs will fall hp

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