Using the ideas we discuss this week we are able to make, Business Economics

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Using the ideas we discuss this week we are able to make

Using the ideas we discuss this week, we are able to make clear statements on when a firm should operate and when it should shut down. When is it sensible for a firm to shut-down? What actions might a firm take to stay in operation in the long-run? Do these actions differ if the firm is a monopoly versus a perfectly competitive firm?

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