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A price - taking firm has a total cost function given by: TC = 4 0 + 9 q + 6 q ? . The
A pricetaking firm has a total cost function given by: TCqq The firm's costsare the same in the short and the long run. The current price is $ and expected to staythere in the long run. What should the firm doSelect one:O a Produce in the short run and continue operating in the long run.O bCannot be determined given the information.O cShutdown once the firm reaches the long run but produce output in the short run.O dShutdown in the short run.
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