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Economic What is the shut-down point for a perfectly competitive producer in the short run? a) Price=Marginal Revenue b) Price=minimum Average Variable Cost c) Price=minimum

Economic

What is the shut-down point for a perfectly competitive producer in the short run?

		a) Price=Marginal Revenue
		b) Price=minimum Average Variable Cost
		c) Price=minimum Average Total Cost
		d) Price= Average Fixed Cost

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