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Question 26 1 pts In a perfectly competitive market if the price is $20, the average total cost is $22 and the average variable cost
Question 26 1 pts In a perfectly competitive market if the price is $20, the average total cost is $22 and the average variable cost is $18 then assuming conditions remain the same, firms will O not shut-down in the short-run nor exit in the long-run. O not shut-down in the short-run but exit in the long-run. O shut-down in the short-run but not exit in the long-run. O shut-down in the short-run and exit in the long-run
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