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Shut down point compared to the avc curve

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Reference no: EM132271778

In Pure Competition, where is the shut down point compared to the AVC curve?

Mark all three that are correct:

  • Where P < AVC
  • At minimum point of AVC
  • Where AVC is decreasing
  • Where MC > AVC
  • Where MC = AVC
  • Where P > AVC
  • Where P = AVC
  • Where AVC is increase
  • Where MC < AVC

Reference no: EM132271778

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