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Marie Kaye sells buffalo burgers in a perfectly competitive market. At her current level of output, her marginal cost is $6, her average total cost
Marie Kaye sells buffalo burgers in a perfectly competitive market. At her current level of output, her marginal cost is $6, her average total cost is $5.50, and her average variable cost is $4.50. Her buffalo burgers sell for $5 each. Based on the given information, Marie Kaye should shut down to minimize her losses.
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