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Exhibit 22-8 ​

Question 151

Multiple Choice

Exhibit 22-8
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Exhibit 22-8 ​ -Refer to Exhibit 22-8. Which of the following is true in the short run of firms A and B, two perfectly competitive firms? A) Both firm A and firm B will continue to produce in the short run. B) Firm A will continue to produce and firm B will shut down. C) Firm A will shut down and firm B will continue to produce. D) Firm A will continue to produce in the short run and shut down in the long run. E) a and d
-Refer to Exhibit 22-8. Which of the following is true in the short run of firms A and B, two perfectly competitive firms?


A) Both firm A and firm B will continue to produce in the short run.
B) Firm A will continue to produce and firm B will shut down.
C) Firm A will shut down and firm B will continue to produce.
D) Firm A will continue to produce in the short run and shut down in the long run.
E) a and d

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