Use the following figure to answer the question : Figure 9-4 : shows the marginal cost curve,the average cost curve,the average variable cost curve,and the demand curve for a firm over different levels of output.The market price is $P. 
-Refer to Figure 9-4.If the firm chooses to shut down when the market price is $P,what is the loss it would incur?
Definitions:
Noncumulative Quantity Discount
A price reduction offered on a single purchase order, not based on the quantity ordered over time.
Price Reduction
A decrease in the selling price of a product or service, often to attract more customers or to sell excess inventory.
Trade Discount
A trade discount is a reduced price offered by suppliers to retailers or other professionals in the industry, encouraging bulk purchases or to compensate for distribution services.
Cumulative Quantity Discount
A discount policy where the price reduction is based on the total volume of purchases made over time, encouraging repeated business by rewarding larger orders.
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