Statement 1 : No firm will stay in business more than one year if it is losing

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Statement 1 : No firm will stay in business more than one year if it is losing large sums of money. Statement 2 : Many dot-coms have lost money in the short run.

a) Statement 1 is true, and statement 2 is false.

b) Statement 2 is true, and statement 1 is false.

c) Both statements are true.

d) Both statements are false.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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