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If a firm operates at a loss,the loss is equal to TC - TR.If the firm shuts down instead,its loss is equal to FC.Given this,show that price must exceed AVC for the firm to operate at a loss and not shut down.
Warehouseman
An individual or business that operates a facility used for the storage of goods and merchandise.
Chevrolet Car
A brand of vehicle produced by the American automaker General Motors, known for its wide range of passenger cars, trucks, and SUVs.
Company's Accounts Receivable
The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Specified Future Time
A distinct and identified point in the future that is agreed upon or determined by context or contract.
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