If the Shutdown Rule,p < AVC,is the Same in the Short

question 29

Essay

If the shutdown rule,p < AVC,is the same in the short run and the long run,explain why the shutdown prices may be different.

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Definitions:

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

State

A politically organized community living under a government; the organization of society into a structured political entity with sovereignty over a defined territory.

Martin Luther King

An American Baptist minister and activist who became the most visible spokesperson and leader in the civil rights movement.

Malcolm X

An African American civil rights leader known for his advocacy for the rights of black Americans and his embrace of Islam.