What is the difference between a$$ firm's shutdown point in the short run and its exit point in the long$$ run?

In the short$$ run, a$$ firm's shutdown point is the minimum point on the

Part $2$

A$.$

average variable cost$$ curve, while in the long$$ run, a$$ firm's exit point is the minimum point on the average fixed cost curve.

B$.$

average variable cost$$ curve, while in the long$$ run, a firm cannot exit.

C$.$

average total cost curve and in the long$$ run, a$$ firm's exit point is the minimum point on the average total cost curve.

D$.$

marginal cost curve and and in the long$$ run, a$$ firm's exit point is the minimum point on the marginal cost curve.

E$.$

average variable cost$$ curve, while in the long$$ run, a$$ firm's exit point is the minimum point on the average total cost curve.

Part $3$

Why are firms willing to accept losses in the short run but not in the long$$ run?

Part $4$

A$.$

SunkSunk

costs are larger in the long run than in the short run.

B$.$

Firms cannot shut down in the short run.

C$.$

It is always profitable to incur losses in the short run because profits will always arise in the long run.

D$.$

Firms are price takers in the short run but not in the long run.

E$.$

There are

fixedfixed

costs in the short run but not in the long run.