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The following table shows a profit-maximizing producer's marginal costs. The firm is operating in a perfectly competitive market and has fixed costs of $500.


 

The following table shows a profit-maximizing producer's marginal costs. The firm is operating in a perfectly competitive market and has fixed costs of $500. Quantity 8 1345678 Marginal Cost (S) 200 150 100 170 230 300 420 600 Refer to the above information to answer this question. What is the shut-down price?

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