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A firm will continue to operate an unprofitable business if average cost marginal cost total revenue exceeds marginal revenue variable cost . Part 2 The
A firm will continue to operate an unprofitable business if average cost marginal cost total revenue exceeds marginal revenue variable cost . Part 2 The shut-down price, which equals minimum average fixed cost marginal cost average variable cost average total cost , is the price at which the firm is indifferent between operating and shutting down prefers to shut down prefers to operate
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