The market for tomatoes is perfectly competitive, and an individual tomato farmer faces the cost curves shown in the figure. If the market price of...
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26. The market for tomatoes is perfectly competitive, and an individual tomato farmer faces the cost curves shown in the figure. If the market price of a bushel of tomatoes is $18, this farm

will: A) minimize its losses by shutting down. B) minimize its losses by continuing to produce. C) break even. D) earn an economic profit.
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