Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 12, Problem 19APA

(a)

To determine

Whether the automobile manufacturer is making a shut down or exit decision in the market.

(b)

To determine

How the exiting decision maximizes the economic profit of the firm.

(c)

To determine

How the firm's production affects the profit or loss of the other players in the market.

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