The average cost is avc 3500 - 6q 0005q square if the


The average cost is AVC = 3500 - 6Q + 0.005Q square
If the industry is competitive, estimate the shut-down price.
If the market price is below shut-down, regardless of fixed costs, explain why the firm should shut down.

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Econometrics: The average cost is avc 3500 - 6q 0005q square if the
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