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Question


he graph on the left shows a competitive market. Pick a price from the list below where the firm

should stay in business in the short run,but exit the industry in the long-run.


Screen Shot 2019-08-06 at 12.33.13 PM.png

Screen Shot 2019-08-06 at 12.33.13 PM.png

Question 2.
$500
P
MC
The graph on the left shows a competitive
market. Pick a market price from the list
$400
below where the firm should stay in business
in the short-run, but exit the industry in the
$300
ATO
long-run.
a) $0
b) $100
$200
AVC
c) $200
d) $300
$100
e) $400
F) $500
0
0
1
2
3
4
Cn
6 Q
g) None of the h) Impossible
above
to
know

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