The Binkle Binder Corporation sells 3-ring binders in a perfectly competitive market at a price of $3 each. The firm's marginal cost, average total cost, and average variable cost curves can be represented by the following: 
Should the firm continue to operate in the short run? Explain.
Definitions:
Scanlon Plan
A type of gain-sharing program that focuses on improving productivity and sharing the resulting incremental earnings with employees.
Normal Labour Cost
The typical expenses associated with compensating employees, including wages, salaries, and benefits, under standard operational conditions.
Gain-Sharing Plan
A compensation strategy where employees receive financial bonuses based on improvements in the company’s performance, encouraging teamwork and efficiency.
Nonmonetary Reward Plans
Incentive systems that provide rewards or recognition in forms other than direct payment, such as professional development, privileges, or awards.
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