Exhibit -Refer to Exhibit. If P Represents the Market Price for Market

Exhibit

-Refer to Exhibit. If P represents the market price for a price-taking firm, the best course of action in the short run for the firm is to:

A) shut down immediately.
B) continue operating because average total cost exceeds price.
C) continue operating because price exceeds average total cost.
D) continue operating because price exceeds average variable cost.