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During the current Covid-19 crisis, some firms are still producers, but many are shutting down (setting...

During the current Covid-19 crisis, some firms are still producers, but many are shutting down (setting Q = 0) temporarily, because if the marginal revenue (MR) is just their good or service's market price (P): a. is less than the average variable cost. b. is greater than the average fixed cost. c, s considerably greater than marginal cost. d, is higher than their competitor's price.

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Rahul Sunny answered 2 years ago
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