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Which of the options correctly shows the price at which a firm should shut-down?

Which of the options correctly shows the price at which a firm should shut-down?



1) Price is equal to the marginal cost


2) Price is less than the total cost


3) Price is less than the average variable cost


4) Price is greater than the average variable cost

Top Answer

3) Price is less... View the full answer

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3) Price is less... View the full answer

The appropriate option here is... View the full answer

3. Price is less... View the full answer

3) Price is less... View the full answer

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