If price is above ATC, the firm will ______. a) shut down in the short run and
Question:
If price is above ATC, the firm will ______.
a) shut down in the short run and go out of business in the long run
b) shut down in the short run and stay in business in the long run
c) operate in the short run and go out of business in the long run
d) operate in the short run and stay in business in the long run
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If the price is above the average total cost ATC the firm will d operate in the short run and s...View the full answer
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