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Suppose that the shut-down price

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Draw the Supply Curves. The following table shows short-run marginal costs for a perfectly competitive firm:

Output

100

200

300

400

500

MC

$5

$10

$20

$40

$70

Suppose that the shut-down price is $10, What is the minimum quantity offered to the market by this firm? __ units

Reference no: EM131153713

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