Based on the table above which shows Chip 39 s costs if rice sells for 600 a ton Chip ........

Based on the table above which shows Chip's costs, if rice sells for $600 a ton, Chip

earns an economic profit, but should shut down in the short run.

incurs an economic loss, but should stay open in the short run.

incurs an economic loss and should shut down in the short run.

earns an economic profit and should stay open in the short run.

incurs an economic loss, but should stay open in the short run.

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