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At a price of 70 cents, the firm will: Produce in the short run and produce in the long run.

6.1. At a price of 70 cents, the firm will:




A. Produce in the short run and produce in the long run.

B. Shut down in the short run and shut down in the long run.

C. Produce in the short run and shut down in the long run.

D. Shut down in the short run and produce in the long run.
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