If ________, a Firm Would Operate in the Short Run

question 133

Multiple Choice

If ________, a firm would operate in the short run and exit the industry in the long run.

• A) TR > TVC and TR > TC
• B) TR > TVC but TR < TC
• C) TR < TC and TR < TVC
• D) TR = TVC but TR > TC

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Definitions:

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The state or quality of being dedicated to a cause, activity, or relationship.

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