In short run, shut down point occurs at

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Firms under Perfect Competition

Question:

In short run, shut down point occurs at (in a perfectly competitive market)

Options:

Minimum of AVC

Minimum of SAC

Minimum of LRAC

Minimum of LMC

Correct Answer:

Minimum of AVC

Explanation:

In the short run, the shutdown point is the minimum of AVC curve.