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:

Individual's Right

Refers to the fundamental liberties and protections entitled to each person, often safeguarded by law.

Public's Right

The rights held collectively by the people or citizens of a community, including access to information, public services, and participation in democratic processes.

Individual's Right

Pertains to the legal and moral entitlements attributed to each person, including privacy, freedom, and personal autonomy.

Public's Right

Refers to the legal or moral entitlements that the general population holds, such as the right to free speech, privacy, or access to information.