Economy, asked by jashanpreetk437, 5 months ago

when a firm closes down its production​

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Answered by Anonymous
1

Answer:

A firm that is shut down is generating zero revenue and incurring no variable costs. However the firm still incurs fixed cost. So the firm's profit equals the negative of fixed costs or (–FC). An operating firm is generating revenue, incurring variable costs and paying fixed costs.

Explanation:

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