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What is shutdown price? Select one: a.The price which just covers a firm's average variable costs. b.The price at which the firm makes zero economic

What is shutdown price?

Select one:

a.The price which just covers a firm's average variable costs.

b.The price at which the firm makes zero economic profits.

c.The price at which the firm makes only normal profits.

d.The price which just covers a firm's average fixed cost.

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