Refer to the Information Provided in Figure 9

Multiple Choice

Refer to the information provided in Figure 9.3 below to answer the questions that follow. Figure 9.3
-Refer to Figure 9.3. 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