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Author Question: A firm will shut down in the short term if (Read 70 times)

gbarreiro

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on: May 25, 2020

Question 1

In a perfectly competitive market, which of the following statements must be TRUE?
◦ The average fixed cost curve will be U-shaped.
◦ Economies of scale will be gained in the long run.
◦ Marginal revenue equals price.
◦ Supernormal profit can be earned in the long run.

Question 2

A firm will shut down in the short term if
◦ AR = AVC.
◦ AR < AVC.
◦ AVC < AC.
◦ AR > AVC.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by gbarreiro on May 25, 2020

Joc

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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gbarreiro

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

debra928

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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