In the short run, a firm should shut down its business if price is less than: A)

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In the short run, a firm should shut down its business if price is less than:
A) ATC
B) AR
C) MC
D) AVC
E) AFC

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Posted Date: Jun 13, 2022 07:02 AM

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In the short run, a firm should shut down its business if price is less than: A)

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Expert Answer:

The answer is AVC A company should shut down in the short run when the price falls below the averag... View the full answer

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