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    Principles of Microeconomics
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    Exam 9: Long-Run Costs and Output Decisions
  5. Question
    If, at the Output Where Marginal Revenue Equals Marginal Cost
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If, at the Output Where Marginal Revenue Equals Marginal Cost

Question 44

Question 44

True/False

If, at the output where marginal revenue equals marginal cost, price is below average variable cost, a firm will shut down in the short run.

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