A firm will shut down in the short run if__________. Option 1: Price Total Cost. Option 4: Price = Average Cost.

The answer is 'Price < Average Variable Cost.'. View full solution:

CUET Economics - A firm will shut down in the short run if__________. | PYQs + Solutions

CUET Economics 2025 29 May Shift 1

Micro

Medium

Price < Average Variable Cost.

Price < Average Fixed Cost.

Total Revenue > Total Cost.

Price = Average Cost.

✅ Correct Option: 1

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