George and Dick's used car lot has a total revenue of $5 million, fixed costs of $8 million, and variable costs of $6 million. In the short run the firm will ________, and in the long run it will ________.

A. shut down; go out of business
B. shut down; stay in business
C. operate; stay in business
D. operate; go out of business


A. shut down; go out of business

Economics

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