Question

distinguish between shutdown and exit?

Answer 1

Answer:

may be help you

Explanation:

Short-run shutdown compared to long-run exit

A decision to shut down means that the firm is temporarily suspending production. It does not mean that the firm is going out of business (exiting the industry). ... A firm that exits an industry earns no revenue but it incurs no costs, fixed or variable

Answer 2

$\huge \sf \red{exit}$

a way out; door or gate by which people may leave. the act or an instance of going out; departure. the act of leaving or right to leave a particular place. (as modifier)an exit visa.

Short-run shutdown compared to long-run exit

$\huge \sf \green{shutdown}$

A decision to shut down means that the firm is temporarily suspending production. It does not mean that the firm is going out of business (exiting the industry). ... A firm that exits an industry earns no revenue but it incurs no costs, fixed or variable.