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21-03-2024
Business

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Annie owns a florist and operates in a perfectly competitive market. Suppose that price per unit is $12. If at the point where MC and MR curves intersect, ATC = $18 and AVC = $15, then Annie will

a. stay open in short run.
b. earn positive profits in the short run.
c. earn zero profits in the short run.
d. shut down in the short run.

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