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The general rule when a perfectly competitive firm should shut down in the short-run is...

The general rule when a perfectly competitive firm should shut down in the short-run is when price is
a. Below the minimum of average fixed costs
b. Below the minimum of average total costs
c. None of the above
d. Above the average variable costs but below the average total cost
e. Below the minimum of average variable cost?
In Economics
2 Answers Available
Asked by Borrison on 25th May, 2019
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts