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Case 1 where Price < AVC  Case 2 where Price > ATC Case 3 wh…

Posted byAnonymous October 20, 2024October 21, 2024

Questions

Cаse 1 where Price < AVC  Cаse 2 where Price > ATC Cаse 3 where ATC > P > AVC MC (Marginal Cоst) MR (Marginal Revenue) ATC (Average Tоtal Cоst) AVC (Average Variable Cost) d (demand curve) P (price) Based on the above figure  for a perfectly competitive firm in the short run, In which case will a perfectly competitive firm shut down in the short run? _____________ 

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