Title: If the market price in a competitive market is below the minimum of average variable cost the firm ... Post by: Llanis on Oct 18, 2017 If the market price in a competitive market is below the minimum of average variable cost the firm will shut down.
True or False? Provide an explanation. Title: Re: If the market price in a competitive market is below the minimum of average variable cost the ... Post by: Tyforumca on Oct 18, 2017 True ... Because At this price total fixed costs are smaller than the operating loss. It pays for the firm to shut down.
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