Multiple Choice
Refer to the information provided in Figure 9.4 below to answer the question(s) that follow. Figure 9.4
-Refer to Figure 9.4. In the short run this firm should ________ and in the long run this firm should ________, if economic conditions do not change.
A) shut down; exit the industry
B) exit the industry; shut down
C) continue to produce where MC = MR; expand
D) continue to produce where MC = MR; shut down
Correct Answer:

Verified
Correct Answer:
Verified
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