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In the short run, a firm should shut down its business if price is less than: A) ATC B) AR C) MC D) AVC E)
In the short run, a firm should shut down its business if price is less than:
A) ATC
B) AR
C) MC
D) AVC
E) AFC
A) ATC
B) AR
C) MC
D) AVC
E) AFC
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The answer is AVC A company should shut down in the short run when the price falls below the averag...
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
