Figure One for the following 4 questions. If these conditions persist into the long run, the firm should       continue to operate     shut down     go out of business     lower price to lower its profits sot that the government does not begin to regulate them

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Economic

 

Use Figure One for the following 4 questions. If these conditions persist into the long run, the firm should  

   

continue to operate

   

shut down

   

go out of business

   

lower price to lower its profits sot that the government does not begin to regulate them for making exorbitant profits

Cost
$7
8 9
10
Figure 1
MC
I
12
ATC
AVC
Output
Transcribed Image Text:Cost $7 8 9 10 Figure 1 MC I 12 ATC AVC Output
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