If a firm shuts down, its
A) fixed costs remain unchanged.
B) revenue will fall to zero.
C) short-run variable costs will fall to zero.
D) All of the responses are correct.
Correct Answer:
Verified
Q147: Figure 10-5 Q148: Figure 10-5 Q149: Figure 10-5 Q150: A firm in a perfectly competitive industry Q151: When a firm leaves a perfectly competitive Q153: The short-run supply curve of a perfectly Q154: The short-run supply curve of the perfectly Q155: Which of the following is a characteristic Q156: The long run for the industry is Q157: For a perfectly competitive firm, the short-run Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)is
