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Suppose a firm finds it is better off operating than shutting down in the short run.What is true at the quantity at which marginal cost equals marginal revenue?
Mean
The arithmetic average of a set of numbers, calculated by summing all the numbers and then dividing by the count of the numbers.
Mean
The arithmetic average of a set of numbers, calculated by dividing the sum of the values by the number of values.
Probability
A measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Standard Deviations
A measure of the amount of variation or dispersion of a set of values from the mean.
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