Multiple Choice
Exhibit 23-8

-Refer to Exhibit 23-8.Which of the following is true in the short run of A and B,two perfectly competitive firms?
A) Both A and 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
Correct Answer:
Verified
Related Questions
Q90: A decreasing-cost industry is characterized by
A)an upward-sloping