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
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a. True b. False
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A. conclusion. B. prediction. C. assumption. D. model.
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