Answer: Please refer to the explanation section
Explanation:
When making a decision to exit the market, the decision depends the rule applied depends on weather the company is in the Short rule or Long run state.
Short run exist rule. The firm should exit the market if price per unit is less than average variable costs. if Kodak is in a short run state to decide whether or not to leave the market, Kodak must compare price and average variable cost
Long run exit rule. In the long run state a firm will should shut down if total revenue per unit or price is less than total average costs
Kodak should compare price and average total costs if they are in the long run state
