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Individual Supply Curve in the Short Run and Long Run
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Problem 10
Individual Supply Curve in the Short Run and Long Run
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11. Perfect Competition / Individual Supply Curve in the Short Run and Long Run / Problem 2
Problem 2
Under what condition will a firm continue to produce in the short run?
A
When the price is less than the average variable cost.
B
When the price is less than the average total cost.
C
When the price is greater than the average variable cost.
D
When the price is equal to the average fixed cost.
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