1. Think of an example during COVID, either from personal experience or from a business, that demonstrates the decision to shut down, but stay in a market. For example, when might you take a break up not give up on a project entirely? Use costs and profitability to justify your answer.
2. Explain why either you might choose to stay home or a business might make the decision not produce in the short-run, yet stay in the activity or market in the long-run.