Business
Business, 08.03.2021 21:10, wittlemarie

What is the difference between a​ firm's shutdown point in the short run and its exit point in the long​ run? In the short​ run, a​ firm's shutdown point is the minimum point on the A. average variable cost​ curve, while in the long​ run, a​ firm's exit point is the minimum point on the average total cost curve. B. average variable cost​ curve, while in the long​ run, a firm cannot exit. C. average variable cost​ curve, while in the long​ run, a​ firm's exit point is the minimum point on the average fixed cost curve. D. average total cost curve and in the long​ run, a​ firm's exit point is the minimum point on the average total cost curve. E. marginal cost curve and and in the long​ run, a​ firm's exit point is the minimum point on the marginal cost curve. Why are firms willing to accept losses in the short run but not in the long​ run? A. It is always profitable to incur losses in the short run because profits will always arise in the long run. B. costs are larger in the long run than in the short run. C. Firms cannot shut down in the short run. D. Firms are price takers in the short run but not in the long run. E. There are costs in the short run but not in the long run

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