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A firm finds that at its MR=MC output, its TC=$1,000, TVC=$800, TFC=$200 and total revenue is $900. This firm should:

A firm finds that at its MR=MC output, its TC=$1,000, TVC=$800, TFC=$200 and total revenue is $900. This firm should: a-shut down in the short run b-produce because the resulting loss is less than its tfc c-produce because it will realize and economic profit d-liquidate its assets and go out of business

This question was asked on May 10, 2010.

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