According to standard microeconomic theory, if a firm is dealing with an immediate disaster (i.e. flood, earthquake) or facing bankruptcy, then it might need t immediately layoff workers to rapidly cut costs. This type of decisive action could be classified as short-run cost management.
A.This is a false statement.
B.Only game theory software can answer this question for us. This option is the only hope.
C.This is a true statement.
D.Only the MB=MC concept can give us the best answer during times of dire emergencies.