If the shut-down rule for firms on the competitive market, p < AVC, is the same in

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If the shut-down rule for firms on the competitive market, p < AVC, is the same in the short run and the long run, explain why the shut-down prices may be different?

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Posted Date: Mar 02, 2024 10:32 AM

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If the shut-down rule for firms on the competitive market, p < AVC, is the same in

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While the general shutdown rule p AVC applies in both the short and long run for firms in a competitive market the shutdown prices the price at which ... View the full answer

Intermediate Microeconomics

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