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short answer 2.Assume your firm is producing in the short run and your revenue can not cover your fixed costs. So, should you shutdown your

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2.Assume your firm is producing in the short run and your revenue can not cover your fixed costs. So, should you shutdown your firm? Yes or No? Why? (Pt)

3.If a firm sets marginal revenue equal to marginal cost it will make an economic profit. Is the statement true or false? Why?(1Pt)

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