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.

Key Diagrams - Long Run Shut Down Price

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