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The figure shows shortrun cost curves for a perfectly competitive firm. If the price of the product is$8 and the firm does not shutdown, thefirm's

The figure shows shortrun cost curves for a perfectly competitive firm. If the price of the product is$8 and the firm does not shutdown, thefirm's output in the short run

will be 0.

will be 10 or higher.

will be between 0 and 10.

cannot be determined without more information.

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