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In the Short Run, the Firm Should Shut Down When

Question 110

Multiple Choice

In the short run, the firm should shut down when


A) price is equal to the average total cost of production.
B) price is less than the minimum of the average variable cost of production.
C) price is equal to the minimum of the marginal cost of production.
D) price is equal to the minimum of the average total cost of production.

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