In the short run
A) existing firms do not face limits imposed by a fixed input.
B) all firms have costs that they must bear regardless of their output.
C) new firms can enter an industry.
D) existing firms can exit an industry.

Question

Quizplus · Accepted Answer

In the short run, all firms have fixed costs that they must bear regardless of their output level, such as rent, salaries, and loan payments. These costs are incurred even if the firm produces nothing.

In the Short Run