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Title: When a perfectly competitive firm makes a decision to shut down, it is most likely that

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Q:

When a perfectly competitive firm makes a decision to shut down, it is most likely that

           a.   marginal cost is above average variable cost.

           b.   marginal cost is above average total cost.

           c.    price is below the minimum of average variable cost.

           d.   fixed costs exceed variable costs.


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Title: When a perfectly competitive firm makes a decision to shut down, it is most likely that

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    • Posted Date: Apr 28, 2012 at 9:15:09 PM

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A:
...sp;        a.   marginal cost is above average variable cost.  &...
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