d. Analyze this firm's position in terms of shut down condition. Should this firm operate or shut-down in the short run e. If all firms had the same cost structure, how many firms would compete at the| equilibrium price computed in (a) above? D and E please

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.