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Levi’s jeans sell for $100 a pair. Suppose at the profit maximizing quantity, L
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【題目】 Levi’s jeans sell for $100 a pair. Suppose at the profit maximizing quantity, Levi’s average total cost was $110 and Average variable cost was $55, which statement is true?
Levi’s will produce in the short and long run
Levi’s will produce in the short run but go out of business in the long run
Levi’s will shut down in the short run and go out of business in the long run
Levi’s will not produce in the short run and n in the long run
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