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In the above figure, if the market price is $8, the firm

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In the above figure, if the market price is $8, the firm

In the above figure, if the market price is $8, the firm

• continues to produce but at an economic loss.

• produces 10 units.

• continues to produce but at an economic profit.

• shuts down operations.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

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The figure above shows a firm in a perfectly competitive market. The firm will shut down if price ...

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