Figure 9.3Figure 9.3 shows the cost structure of a firm in a perfectly competitive market. If the market price is $3 and the firm shuts down in the short run, its profit is:
A. -$300.
B. -$600.
C. -$900.
D. -$1,200.
Answer: C
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What will be an ideal response?
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What will be an ideal response?
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