Question: Explain what the correct answer is The table below contains cost data for a small tomato producer operating in a perfectly competitive market. Use the

Explain what the correct answer is

The table below contains cost data for a small tomato producer operating in a perfectly competitive market. Use the data table to answer the question below. q TFC TVC TC O 50 50 50 20 70 2 50 50 100 W 50 90 140 4 50 120 170 If the firm shuts-down in the short-run, their loss will be equal to O -50 OO O 50 O indeterminate

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