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C 5. )Assume that all firms in a competitive industry have cost curves given by the following: TC = 100 +10q +4q2. In the short

C 5. )Assume that all firms in a competitive industry have cost curves given by the following: TC = 100 +10q +4q2. In the short run the price at which a firm shuts down is: a. 2. AVC = ATC-AFC b. 4. c. 5

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