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Using a marginal cost (MC), average variable costs (AVC), and average total costs (ATC) curves, graph the break-even point and shutdown point for a firm.Explain

Using a marginal cost (MC), average variable costs (AVC), and average total costs (ATC) curves, graph the break-even point and shutdown point for a firm.Explain why these two points are key in an entrepreneur's decision making in the short-run or long-run.

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