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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 40
If price is above ATC, the firm will ________.
A) shut down in the short run and go out of business in the long run
B) shut down in the short run and stay in business in the long run
C) operate in the short run and go out of business in the long run
D) operate in the short run and stay in business in the long run
A) shut down in the short run and go out of business in the long run
B) shut down in the short run and stay in business in the long run
C) operate in the short run and go out of business in the long run
D) operate in the short run and stay in business in the long run
Explanation
Verified
Verified
In the short run the firm will continue ...
Microeconomics 9th Edition by Stephen Slavin
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