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Cost (dollars MC per unity ATC AVC $20 12 10 50 100 Quantity (units of output) If Q = 100 units, the firm's total variable

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Cost (dollars MC per unity ATC AVC $20 12 10 50 100 Quantity (units of output) If Q = 100 units, the firm's total variable cost is $1,000. A) True B) False 37) If market price is $12, the firm should shut-down. A) True B) False

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