Question: Price-taking companies should cease operations when: V [ Select ] The market price is above marginal cost The market price is below marginal cost The

Price-taking companies should cease operations when: V [ Select ] The market price is above marginal cost The market price is below marginal cost The market price is above minimum average avoidable cost The market price is below minimum average avoidable cost The market price is above minimum average unavoidable cost The market price is below minimum average unavoidable cost The market price is above minimum average cost 3 pts The market price is below minimum average cost

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