Unformatted text preview: > 0 or if < 0 and < FC. Otherwise, the firm shuts down. In the long run, a firm only operates if > 0, otherwise the firm exits. We can use this rule to derive the firm’s short and long run supply curves....
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This note was uploaded on 04/18/2008 for the course ECO 2023 taught by Professor O'gorman during the Spring '08 term at South Florida Community College.
- Spring '08