Cost, $ MC 30 AC 20 18 AVC G 10 50 80 9 The graph above...

Question

Question

business economics

Answer 1

Answer #1

The correct option is $10.

In the short-run, a competitive firm shut down when the price is less than minimum AVC. This shut down condition is true at $10.

In the short-run, the firm will shut down if the price falls below $10.

Answer 2

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