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Initially, the market price was $20, and the firm's minimum average variable cost was $18, while its minimum average cost was $21. Should it shut
Initially, the market price was $20, and the firm's minimum average variable cost was $18, while its minimum average cost was $21. Should it shut down? Why? Now this firm's average variable cost increases by $3 at every quantity, while other firms in the market are unaffected. Should this firm shut down? Why?
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