(Answered) Xyz corporation operates in a perfectly competitive market

Economics

XYZ corporation operates in a perfectly competitive market. The corporation's total costs are represented by the equation:

TVC = 20Q³ - 60Q² +10Q

where Q is quantity and measured in thousands.

The objective of management is to determine below what price the company should shut down operations.

a) Calculate the shutdown price of operations for Corporation XYZ.

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