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In 2009 Circuit City closed its stores. If we assume this was a short run decision, then the most likely explanation for it is that the price of a typical product sold at Circuit City stores was?

A greater than the average total cost of producing the product.
B equal to the average total cost of producing the product.
C less than the average total cost of producing the product, but greater than the average variable cost.
D less than the average variable cost of producing the product.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M945570

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