Asked by Dontillia
In the short run, all firms __________.
do not have to pay fixed costs if there is no output produced
face substantial variable costs if no output is produced
must pay variable costs, which are costs that do not vary as output levels change
must pay a combination of fixed and variable costs if output is produced
do not have to pay fixed costs if there is no output produced
face substantial variable costs if no output is produced
must pay variable costs, which are costs that do not vary as output levels change
must pay a combination of fixed and variable costs if output is produced
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Answered by
GPT-4o mini
In the short run, all firms **must pay a combination of fixed and variable costs if output is produced**.
In the short run, firms incur fixed costs regardless of their output levels, and they also incur variable costs related to the amount of output they produce. If no output is produced, firms still have to pay fixed costs but not variable costs.
In the short run, firms incur fixed costs regardless of their output levels, and they also incur variable costs related to the amount of output they produce. If no output is produced, firms still have to pay fixed costs but not variable costs.
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