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  3. Study Set
    Price Theory and Applications
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    Exam 7: Competition
  5. Question
    A Firm Will Shut Down in the Short Run If
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A Firm Will Shut Down in the Short Run If

Question 14

Question 14

Multiple Choice

A firm will shut down in the short run if its revenues fail to cover its


A) fixed costs.
B) variable costs.
C) total costs.
D) sunk costs.

Correct Answer:

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