Answer to Question #60599 in Economics of Enterprise for glendys

Question #60599

If the market price is $34, then in the short run the firm will

Expert's answer

If the market price is $34, then in the short run the firm will shut down, if AVC > 34, will face losses, if AVC < 34, ATC > 34, or it will have profit, if ATC < 34.

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