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Profits, Shutdown, Long Run Profits, Shutdown, Long Run

Profits, Shutdown, Long Run - PowerPoint Presentation

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Uploaded On 2016-07-12

Profits, Shutdown, Long Run - PPT Presentation

and FC 19982010 by Peter Berck Profits We know that a firm maximizes its profits when p mc or when q 0 But which Profits are Revenues less Costs Profits are PQ CQ Q P ACQ ID: 401741

profits firm run firms firm profits firms run cost supply avc long unit capital curve tax plants price shutdown

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