With a drop in the demand for steel pipe and tube, U.S. Steel Corporation will idle plants
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With a drop in the demand for steel pipe and tube, U.S. Steel Corporation will idle plants in Ohio and Texas and lay off 756 workers.
As U.S. Steel responded to the fall in demand, how did its marginal cost change? What can you say about minimum AVC in the plants that closed?
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The fall in demand for steel pipe and tube low...View the full answer
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