If a firm shuts down in the short run, its losses are equal to

Select the term: To sell a state-run firm to individuals

a. standard of living b. privatize c. economic system d. self-interest e. factor payments

If the market price is $25 in a perfectly competitive market, the marginal revenue from selling the fifth unit is

A) $5. B) $12.50. C) $25. D) $125.