A Firm Should Exit an Industry If

question 151

Multiple Choice

A firm should exit an industry if:

• A) P < MC.
• B) P - AC > 0.
• C) P- AC < 0.
• D) P - AC = 0.

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Definitions:

Goals

Objectives or desired results that an individual, group, or organization aims to achieve within a specific timeframe.

Stress Interview

A job interview that deliberately puts the applicant under stress, physical or psychological. Here it’s important to change the conditions that create physical stress and to meet psychological stress by rephrasing questions in less inflammatory terms and treating them as requests for information.

Acknowledge

The act of recognizing or admitting the existence, truth, or reality of something.

Wait

The act of staying in place or delaying an action until a particular time or until something else happens.