![In a competitive market, when does a firm decide to shut down in the short run? Use a graph to illustrate. | Homework.Study.com In a competitive market, when does a firm decide to shut down in the short run? Use a graph to illustrate. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/shutdown_point2252299638222513813.jpg)
In a competitive market, when does a firm decide to shut down in the short run? Use a graph to illustrate. | Homework.Study.com
![The Theory of the Firm Economic (abnormal) profit, normal profit Goals of firms (profit maximization, etc.) Shut down price, break even price Most info. - ppt download The Theory of the Firm Economic (abnormal) profit, normal profit Goals of firms (profit maximization, etc.) Shut down price, break even price Most info. - ppt download](https://images.slideplayer.com/39/10883178/slides/slide_43.jpg)
The Theory of the Firm Economic (abnormal) profit, normal profit Goals of firms (profit maximization, etc.) Shut down price, break even price Most info. - ppt download
![Refer to the Figure below. Firms will shut down in the short run if the market price: a. Exceeds P_3, b. Is less than P_1, c. Is greater than P_1 but less Refer to the Figure below. Firms will shut down in the short run if the market price: a. Exceeds P_3, b. Is less than P_1, c. Is greater than P_1 but less](https://homework.study.com/cimages/multimages/16/untitled-13389750378768514057.jpg)
Refer to the Figure below. Firms will shut down in the short run if the market price: a. Exceeds P_3, b. Is less than P_1, c. Is greater than P_1 but less
![1 Long-Run Costs and Output Decisions Chapter 9. 2 LONG-RUN COSTS AND OUTPUT DECISIONS We begin our discussion of the long run by looking at firms in. - ppt download 1 Long-Run Costs and Output Decisions Chapter 9. 2 LONG-RUN COSTS AND OUTPUT DECISIONS We begin our discussion of the long run by looking at firms in. - ppt download](https://images.slideplayer.com/34/8351613/slides/slide_12.jpg)
1 Long-Run Costs and Output Decisions Chapter 9. 2 LONG-RUN COSTS AND OUTPUT DECISIONS We begin our discussion of the long run by looking at firms in. - ppt download
![The firm will shut down in the short run if the price of the good is [{Blank}]. | Homework.Study.com The firm will shut down in the short run if the price of the good is [{Blank}]. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/untitled-11513931321395892857.jpg)