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:

Professional Hairdresser

A skilled individual trained in cutting, styling, and treating hair.

Colouring

The process or activity of adding color to something, often applied to art, design, or crafts, including coloring books for both children and adults.

Entitled to Payment

Having a legitimate claim or right to receive a specific sum of money.

Unkempt

Refers to an appearance or condition that is messy, disorderly, or not properly maintained.