Buy a Business for $0 When Should Firms Shut Down
A2/IB Why do only some firms leave a loss making industry? The Shutdown Condition What OpenAI Doesn't Want You to Know If you're in your first Microeconomics class, the SHUTDOWN POINT can be a bit confusing. It occurs when the MR = MC point is It means in the long run, a firm making losses should shut down permanently and exit the industry. The short run is defined as a period where at least one fixed ...