If the price is greater than the average variable cost the firm should produce
A) The loss the firm makes from shutting down (its TFC) is less than the loss they make as a result of producing.
B) The loss the firm makes from shutting down (its TFC) is greater than the loss they make as a result of producing.
C) Where MC=MR.
D) Where AVC is minimized.
Correct Answer:
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