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QUESTION

If the market price ever drops below a firm's average variable costs at its profit-maximizing level of output:the firm should shut down immediately.

If the market price ever drops below a firm's average variable costs at its profit-maximizing level of output:

A.the firm should shut down immediately.

B.the loss-minimizing quantity of output is zero.

C.the firm is not earning enough revenue to cover the variable costs of production.

D.All of these are true.

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