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-The Figure Above Shows Short-Run Cost Curves for a Perfectly

Question 333

Multiple Choice

-The figure above shows short-run cost curves for a perfectly competitive firm. If the price of the product is $8 and the firm does NOT shut down, the firm's output in the short run A) will be 0. B) will be between 0 and 10. C) will be 10 or higher. D) cannot be determined without more information.
-The figure above shows short-run cost curves for a perfectly competitive firm. If the price of the product is $8 and the firm does NOT shut down, the firm's output in the short run


A) will be 0.
B) will be between 0 and 10.
C) will be 10 or higher.
D) cannot be determined without more information.

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