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Home Q & A Board Other Fields Homework Help Business Economics
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Mairoon Mairoon
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6 years ago
If a firm operates at a loss, the loss is equal to TC - TR. If the firm shuts down instead, its loss is equal to FC. Given this, show that price must exceed AVC for the firm to operate at a loss and not shut down.
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Microeconomics

Microeconomics


Edition: 6th
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LBCeaLBCea
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6 years ago
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Mairoon Author
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5 years ago
Perfect
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