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    Microeconomics Study Set 3
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    Exam 8: Competitive Firms and Markets
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    A Firm Should Always Shut Down If Its Revenue Is
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A Firm Should Always Shut Down If Its Revenue Is

Question 4

Question 4

Multiple Choice

A firm should always shut down if its revenue is


A) declining.
B) less than its average fixed costs.
C) less than its total costs.
D) less than its avoidable costs.

Correct Answer:

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