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cmartinez034 cmartinez034
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2 years ago
Consider two perfectly competitive firms producing the same product but using different methods.
Both Firm A and firm B have total revenues of $390 000 and total costs of $480 000.
Firm A has total fixed costs of $50 000, while firm B has total fixed costs of $130 000.
Which of the following statements are true in the short run?

▸ Firm A should shut down and Firm B should operate.

▸ Firm A should operate and Firm B should shut down.

▸ Both firms A and B should shut down.

▸ Cannot be determined based on the available data.

▸ Both firms A and B should operate.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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angfuciousangfucious
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cmartinez034 Author
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2 years ago
You make an excellent tutor!
ofsuahasiufhoas
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Thank you, thank you, thank you!
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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