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. Consider a profit-maximizing firm in a competitive industry. For each of the following s

. Consider a profit-maximizing firm in a competitive industry. For each of the following s

. Consider a profit-maximizing firm in a competitive industry. For each of the following situations, indicate whether the firm should shut down production or produce where MR = MC.

a. P

b. P > minimum ATC.

c. Minimum AVC

Abhinav 05-Dec-2019

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