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Answer question 4 in full correct explaination Q4: WIKKI is a firm in a perfectly competitive industry. Figure 1 shows the firm's short-run revenue and

Answer question 4 in full correct explaination

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Q4: WIKKI is a firm in a perfectly competitive industry. Figure 1 shows the firm's short-run revenue and cost curves Figure 1. Revenue and Cost Curves of WIKKI Price/Cost ($) ATC MC Demand . MR - AR 12 10 3 14 23 29 Quantity (in cartons) Using the concept of shutdown point only, explain why WIKKI should not shut down the business based on profit-maximising condition. Note: You can enter a maximum of 8000 characters and you have already entered D characters

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