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     EduGorilla 
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    Quantity Average Fixed Cost Average Total Cost Marginal Cost
    0
    1 80.00 100.00 20
    2 40.00 58.00 17
    3 26.66 44.00 15
    4 20.00 36.25 13
    5 16.00 31.40 12
    6 13.33 28.33 13
    7 11.42 26.29 14
    8 10.00 26.13 25
    9 8.88 26.56 30
    10 8.00 27.30 34
    11 7.27 28.45 40
    12 6.66 30.00 47
    13 6.15 31.92 55

    Refer the table, if price is Rs. 26, the perfectly competitive firm will

    Options :-

    1. shut down in the short run
    2. produce 8 units at an economic loss of Rs. 9
    3. produce 9 units at an economic loss of Rs. 5
    4. produce 8 units at an economic loss of Rs. 1.04
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