Comment on the following statement: "In the short run, a firm's total costs will be zero if the firm chooses to produce nothing."

Name: Comment on the following statement: "In the short run, a firm's total costs will be zero if the firm chooses to produce nothing."
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Question

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The Answer is The statement is likely to be false. If a firm has any fixed costs at all, the firm's total costs will not be equal to zero even if it produces zero output.

Comment on the Following Statement: "In the Short Run, a Firm's