Question: Incorrect Question 19 0 / 1 pts (Hint: This one can be challenging (but you can do it!). I would draw a graph similar to


Incorrect Question 19 0 / 1 pts (Hint: This one can be challenging (but you can do it!). I would draw a graph similar to what you see in question 10 to help with this.) Consider a perfectly competitive industry where market price = $2. At a marginal cost of $2, the firm will produce 100 units. The firm's short-run average total cost of production at this production level is $4. Based on this, we would conclude that IF fixed costs are $250, the firm should shut down. IF fixed costs are $100, the firm should shut down. O The firm should continue to operate irrespective of fixed costs. The firm should shut down irrespective of its fixed costs
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