If a representative firm with long-run total cost given by TC = 400 + 45Q - 8Q2 + 0.7Q3 operates in
Question: If a representative firm with long-run total cost given by TC = 400 + 45Q - 8Q2 + 0.7Q3 operates in a competitive industry, at what price level, will this firm shutdown in the short run?
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Deliverable: Word Document![](/images/msword.png)
Deliverable: Word Document
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