The short-run shutdown price for a perfectly competitive firm is where price equals

Name: The short-run shutdown price for a perfectly competitive firm is where price equals
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Question

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In the short-run, a perfectly competitive firm will continue to produce as long as the market price is at or above the minimum AVC. Therefore, the shutdown price, where the firm will no longer produce in the short-run, is where price equals the minimum AVC.

The Short-Run Shutdown Price for a Perfectly Competitive Firm Is