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When a Perfectly Competitive Firm Makes a Decision to Shut

Question 89

Multiple Choice
When a perfectly competitive firm makes a decision to shut down,which is most likely

When a perfectly competitive firm makes a decision to shut down,which is most likely


A) Marginal cost is above average variable cost.
B) Marginal cost is above average total cost.
C) Price is below the minimum of average variable cost.
D) Fixed costs exceed variable costs.

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