The Following Figure Depicts the Short-Run Cost Curves of a Perfectly

question 143

Multiple Choice

The following figure depicts the short-run cost curves of a perfectly competitive firm.

-Refer to the figure above.Should the market price fall to $4,this film will ________.

• A) shut down immediately and make zero profit
• B) shut down immediately and suffer a loss equal to its fixed costs
• C) continue operating in the short run and suffer a loss that is less than its fixed costs
• D) produce 60 units and cover exactly its variable cost

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