A Firm That Exits Its Market Has to Pay

question 200

Multiple Choice

A firm that exits its market has to pay

• A)its variable costs but not its fixed costs.
• B)its fixed costs but not its variable costs.
• C)both its variable costs and its fixed costs.
• D)neither its variable costs nor its fixed costs.

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Definitions:

IR

Infrared radiation or spectroscopy, a technique used to identify and study chemicals through their absorption of infrared light.

Septet

A splitting pattern observed in nuclear magnetic resonance (NMR) spectroscopy indicating that a nucleus is coupled to six equivalent protons, giving seven peaks.

Trimethylcyclohexane Isomers

Different structural forms of the compound trimethylcyclohexane, which differ in the position of the methyl groups attached to the cyclohexane ring.

NMR

Nuclear Magnetic Resonance (NMR) is an analytical technique used to determine the structure of molecules by observing the interaction of atomic nuclei with magnetic fields.