GIVE CORRECT ANSWER Question2. Jahangir Khan owns a lawn-mowing company which works in a perfectly competitive environm

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answerhappygod
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GIVE CORRECT ANSWER Question2. Jahangir Khan owns a lawn-mowing company which works in a perfectly competitive environm

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GIVE CORRECT ANSWER
Question2. Jahangir Khan owns a lawn-mowing company which
works in a perfectly competitive environment. He mows lawns for
Rs.270 each. His total cost each day is Rs. 2,800/-, of which
Rs.300/- is a fixed cost. He usually mows 10 lawns per day. What
can you say about Haider’s short-run decision regarding shutdown
and long-run decision regarding exit?
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