Topic Videos
Key Diagrams - Long Run Shut Down Price
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 2 May 2022
This revision video walks through the diagram showing the long run shut down price for a business.
A business needs to make at least normal profit in the long run to justify remaining in an industry. This is where AR = AC.
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