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Marginal costs for that same firm

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Reference no: EM131695397

Total Costs for a firm are given by: TC = 4Q2 + 6.

Marginal Costs for that same firm are given by: MC = 2*4Q. 

In the long run, this firm will exit the market if the price falls below what value? 

Hint: Average costs = Total Cost / Q. 

Round your answer to two decimal places. Do not include a $ sign.

Reference no: EM131695397

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