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If market price is greater than the minimum of avc but below the minimum of ac, then a. revenue covers variable costs and some of the fixed costs and profit is positive. b. revenue covers variable costs and some of the fixed costs, although profit is negative. c. the firm will shut down. d. economic profit is zero.
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If market price is greater than the minimum of avc but below the minimum of ac, then a. revenue cove...
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