Exhibit 22-8 
Refer to Exhibit 22-8. Which of the following is true in the short run of firms A and B, two perfectly competitive firms?
A) Both firm A and firm 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.
Correct Answer:
Verified
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