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≪p><b><b><span Style="font-Size:20pt;"><span Style="color:#FF0000;"> ≪/span></span> ≪/b> the Graph Shown Displays

Question 99

Multiple Choice

<p><b><b><span style="font-size:20pt;"><span style="color:#FF0000;"> <p><b><b><span style= font-size:20pt; ><span style= color:#FF0000; >   </span></span> </b> The graph shown displays the cost curves for one firm in a perfectly competitive market. If the market price is $6, this firm should: A) shut down in the short run and exit in the long run. B) continue producing in both the short run and the long run. C) increase the price to $7 in the short run. D) continue producing in the short run but exit in the long run. </span></span> </b> The graph shown displays the cost curves for one firm in a perfectly competitive market. If the market price is $6, this firm should:


A) shut down in the short run and exit in the long run.
B) continue producing in both the short run and the long run.
C) increase the price to $7 in the short run.
D) continue producing in the short run but exit in the long run.

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