Which of the Following Statements Is Correct Regarding a Firm's

Multiple Choice

Which of the following statements is correct regarding a firm's decision-making?

A) The decision to shut down and the decision to exit are both short-run decisions.
B) The decision to shut down and the decision to exit are both long-run decisions.
C) The decision to shut down is a short-run decision, whereas the decision to exit is a long-run decision.
D) The decision to exit is a short-run decision, whereas the decision to shut down is a long-run decision.