The Term Shutdown

Multiple Choice

The term shutdown

A) and the term exit both refer to short-run decisions that a firm might make.
B) and the term exit both refer to long-run decisions that a firm might make.
C) refers to a short-run decision that a firm might make, whereas the term exit refers to a long-run decision that a firm might make.
D) refers to a long-run decision that a firm might make, whereas the term exit refers to a short-run decision that a firm might make.