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Key Diagrams - Long Run Shut Down Price

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 2 May 2022

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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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