Which of the following statement is NOT a short-run decision?
Select ONE answer:
- whether to enter or exit an industry.
- what quantity to produce.
- whether to produce or shut down.
- Both answers A and C are correct.
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 1
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