alleryMatch shut logic: 1. Price: p. Below AVC 2. Fixed: q. Retained 3. Step: r. Close
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
A firm shuts down in the short run if price falls below average variable cost, though fixed costs remain.
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