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sgy_89 sgy_89
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7 years ago
In the short run, a firm should shut down rather than produce output
A) whenever total revenue is less than total cost.
B) whenever price is less than average total cost.
C) whenever the loss it incurs by shutting down is less than its total fixed costs.
D) whenever industry demand declines.
E) if it cannot cover all of its costs, fixed and variable.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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VilaVila
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sgy_89 Author
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7 years ago
Thanks for your help!!
7.prime7105
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Thanks
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This site is awesome
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