Shutdown occurs when a firm recognizes that it can't earn enough revenue to cover their variable costs. Many seasonal b

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answerhappygod
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Shutdown occurs when a firm recognizes that it can't earn enough revenue to cover their variable costs. Many seasonal b

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Shutdown occurs when a firm recognizes that it can't earn enoughrevenue to cover their variable costs. Many seasonalbusinesses make the choice to close up for several months everyyear. Explain this decision using the competitive marketmodel. What are the specific factors they consider? How isthis decision different from going out of business permanently?
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