The short-term shutdown point of production for a firm operating under perfect competition will most likely occur when: A. price is equal to average total cost. B. marginal revenue is equal to...


The short-term shutdown point of production for a firm operating under perfect competition will most likely occur when:


A. price is equal to average total cost. B. marginal revenue is equal to marginal cost. C. marginal revenue is less than average variable costs.

Nov 14, 2021
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