Suppose the U.S. bicycle market is perfectly competitive. The graph below shows the short run cost...

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Suppose the U.S. bicycle market is perfectly competitive. The graph below shows the short run cost curves of Teds bicycle st

business economics

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Answer #1

In short Run Shut-down occurs when price < Ave Here Minimum Arc = $4.5 and price = $13 So P) Are No Shut down - Antwer

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