A competitive firm maximizes profit at an output level of 500 units, market price is $15.00, and ATC is $15.75. At what range of AVC values for an output level of 500 would the firm choose not to shut down in the short run?
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Home » Business » A competitive firm maximizes profit at an output level of 500 units, market price is $15.00, and ATC is $15.75. At what range of AVC values for an output level of 500 would the firm choose not to shut down in the short run?