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Homework answers / question archive / Total Costs for a firm are given by: TC=3Q2+11
Total Costs for a firm are given by: TC=3Q2+11.8TC=3Q2+11.8. Marginal costs for that same firm are given by: MC=2×3QMC=2×3Q. In the long-run, this firm will exit the market if the price falls below what value?
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