1. a firm is experiencing a loss of $5,000 per year when operating.

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1. A firm is experiencing a loss of $5,000 per year when operating. The firm has fixed costs of $8,000 per year. The firm should _________ in the short run and should _________ in the long run.

Select one:

[removed]  a. operate; shut down

[removed]  b. shut down; operate

[removed]  c. operate; operate

[removed]  d. shut down; shut down