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-Refer to the Above Figure

Question 270

Multiple Choice

  -Refer to the above figure. In order to stay open in the short run, this firm must A)  earn a positive profit. B)  receive a price equal to or greater than the minimum of its average variable cost. C)  receive a price exactly equal to its average total cost. D)  recover its fixed cost.
-Refer to the above figure. In order to stay open in the short run, this firm must


A) earn a positive profit.
B) receive a price equal to or greater than the minimum of its average variable cost.
C) receive a price exactly equal to its average total cost.
D) recover its fixed cost.

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