![In a competitive market, when does a firm decide to shut down in the short run? Use a graph to illustrate. | Homework.Study.com In a competitive market, when does a firm decide to shut down in the short run? Use a graph to illustrate. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/shutdown_point2252299638222513813.jpg)
In a competitive market, when does a firm decide to shut down in the short run? Use a graph to illustrate. | Homework.Study.com
![Economics 2010 Lecture 12 Perfect Competition. Competition Perfect Competition Firms Choices in Perfect Competition The Firm's Short-Run Decision. - ppt download Economics 2010 Lecture 12 Perfect Competition. Competition Perfect Competition Firms Choices in Perfect Competition The Firm's Short-Run Decision. - ppt download](https://images.slideplayer.com/24/7502788/slides/slide_29.jpg)
Economics 2010 Lecture 12 Perfect Competition. Competition Perfect Competition Firms Choices in Perfect Competition The Firm's Short-Run Decision. - ppt download
![Total Cost and the Shutdown Condition Economics Assignment Help, Economics Homework & Economics Project Help Total Cost and the Shutdown Condition Economics Assignment Help, Economics Homework & Economics Project Help](https://economicskey.com/wp-content/uploads/2014/08/017.png)
Total Cost and the Shutdown Condition Economics Assignment Help, Economics Homework & Economics Project Help
![Refer to the Figure below. Firms will shut down in the short run if the market price: a. Exceeds P_3, b. Is less than P_1, c. Is greater than P_1 but less Refer to the Figure below. Firms will shut down in the short run if the market price: a. Exceeds P_3, b. Is less than P_1, c. Is greater than P_1 but less](https://homework.study.com/cimages/multimages/16/untitled-13389750378768514057.jpg)