The Shutdown Condition-The Point Where the Company Finds It No

question 1

Multiple Choice

The shutdown condition-the point where the company finds it no longer viable to produce and sell a product-for a competitive firm,in the short run,is where price is

• A)less than marginal revenue.
• B)less than short-run average total cost.
• C)greater than marginal revenue.
• D)less than average variable cost.

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