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Vicki makes rag dolls The market for rag dolls is perfectly competitive and the going price is $8 per doll Vicki's total costs are shown in the table below

Vicki makes rag dolls. The market for rag dolls is perfectly competitive, and the going price is $8 per doll. Vicki's total costs are shown in the table below. Quantity (dolls per day) Total cost ($) 0 10.00 1 13.00 2 17.20 3 22.60 4 29.20 5 37.00 6 46.00 7 56.20 In the scenario above, Vicki should _____ in the short run and _____ in the long run. shut down; continue to produce shut down; go out of business continue to produce; continue to produce continue to produce; go out of business

Apr 30 2020 View more View Less

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