Thetotal profit eamed by this firm is SThis firm will "shut down" or "continue"?The long run market price should be Saccording to the graph above ATC12Q1000 1500 1800Use the graph above to answer the following questions. The graph represents a perfectly competitive firm where the market price is $4.AVC

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The total profit eamed by this firm is S This firm will "shut down" or "continue" The long run market price should be according to the graph above.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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total profit eamed by this firm is S
This firm will "shut down" or "continue"?
The long run market price should be S
according to the graph above

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