(Answered) Total costsnbspfor a firm are given bynbsptc

Management Studies

Total Costs for a firm are given by: TC = 4Q² + 6.

Marginal Costs for that same firm are given by: MC = 2*4Q.

In the long run, this firm will exit the market if the price falls below what value?

Hint: Average costs = Total Cost / Q.

Round your answer to two decimal places. Do not include a $ sign.

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