Business, 19.09.2020 01:01 dani6651

There are two firms, Joe's bakery and Jenny's tire shop. Joe sees his P* greater than AVC but less than ATC, Jenny sees her P* greater than AVC and greater than ATC. What will they do? radio_button_unchecked Jenny will shut down in the short run, stay in the long run, Joe will stay in the long and short run. radio_button_unchecked Jenny will stay in the short and long run and Joe will stay in the short run and exit in the long run. radio_button_unchecked Joe will exit in the long run but stay in the short run and Jenny will shut down in the short run and exit in the long run. radio_button_unchecked Joe will stay in the long and short run and Jenny will stay in the long and short run. SUBMIT

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There are two firms, Joe's bakery and Jenny's tire shop. Joe sees his P* greater than AVC but less t...

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