When a firm shuts down,
A. its fixed costs drop to zero.
B. revenue will fall to zero.
C. short-run variable costs remain at current levels in the short run.
D. All of the responses are correct.
Answer: B
Economics
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What will be an ideal response?
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With respect to CO2 emissions, low-income countries
a. do not contribute to the problem b. can expect to have "dirtier" industries as they develop c. contribute more per dollar of output than high-income countries d. will have to sacrifice output in order to reduce emissions e. none of the above
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