A perfectly competitive firm will shut down in the short run when a. ATC > P >

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A perfectly competitive firm will shut down in the short run when

a. ATC > P > AVC.

b. AVC > P > ATC.

c. AVC > P.

d. ATC > P.

Related Book For answer-question

Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Posted Date: Aug 29, 2018 08:17 AM

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A perfectly competitive firm will shut down in the short run when a. ATC > P >

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C AVC P Explanation In the short run some costs are fixed which are beyond the control of producer ... View the full answer

Economics

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