If a Firm Shuts Down, It

question 166

Multiple Choice

If a firm shuts down, it

• A)will suffer a loss equal to its fixed costs.
• B)will produce nothing but must pay its variable costs.
• C)will produce nothing but must pay its fixed and variable costs.
• D)will earn enough revenue to cover its variable costs but not all of its fixed costs.

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Definitions:

Internal Colonialism

The practice of exploiting and dominating a country's minority groups or regions, similar to how a colonial power dominates a colony.

Expulsion

The forcible removal of a population from a territory claimed by another population.

Native Americans

The indigenous peoples of the United States, including both American Indian and Alaska Native groups.

Slavery

The ownership and control of people.