(A) there are no fixed factors of production.
(B) all firms must make economic profits.
(C) a firm can vary all inputs, but it cannot change the mix of inputs it uses.
(D) a firm can shut down, but it cannot exit the industry.
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(A) there are no fixed factors of production.
(B) all firms must make economic profits.
(C) a firm can vary all inputs, but it cannot change the mix of inputs it uses.
(D) a firm can shut down, but it cannot exit the industry.