Figure 9.3Figure 9.3 shows the cost structure of a firm in a perfectly competitive market. If the market price is $6, then the firm will:
A. be better off producing 150 units than shutting down.
B. be better off exiting the market and using the resources for other production activities.
C. be better off shutting down in the short run and waiting until the market price rises above $10.
D. None of these
Answer: B
Economics
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