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-Archibald's Tattoos Is a Perfectly Competitive Firm

Question 199

Multiple Choice

  -Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is $12, the firm A)  incurs an economic loss, but will not shut down. B)  will not shut down in the short run, but will leave the industry in the long run. C)  will shut down. D)  is breaking even.
-Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is $12, the firm


A) incurs an economic loss, but will not shut down.
B) will not shut down in the short run, but will leave the industry in the long run.
C) will shut down.
D) is breaking even.

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