A firm will shut down in the short run if at the profit-maximizing quantity, ___________. A. Total
Question:
A firm will shut down in the short run if at the profit-maximizing quantity, ___________.
A. Total revenue is less than total cost
B. Marginal revenue is less than average fixed cost
C. Average total cost exceeds the market price
D. Marginal revenue is less than average variable cost
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