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Business, 10.04.2021 18:50 johngayden46

In the short run in perfect competition, if a firm’s demand curve intersects the MC curve below the ATC but above the AVC, which of the following is true? The firm should produce in the short run and the long run

The firm should shut down in the short run and long run

The firm should produce in the short run but shutdown in the long run

The firm should shutdown in the short run but produce in the long run

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