-This Firm Would ______ in the Short Run and __________

question 24

Multiple Choice

-This firm would ______ in the short run and __________ in the long run.

• A)shut down;stay in business
• B)shut down;go out of business
• C)operate;stay in business
• D)operate;go out of business

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Definitions:

Long-Term Assets

Assets that are expected to provide economic benefits to a firm for more than one fiscal year, such as land, buildings, and machinery.