Refer to Figure 23.1. If the market price equaled $10, in the short run this firm should
A) Raise the price.
B) Produce with an economic loss.
C) Shut down.
D) Produce where the ATC is at a minimum.

Question

Refer to Figure 23.1. If the market price equaled $10, in the short run this firm should
A) Raise the price. 
B) Produce with an economic loss. 
C) Shut down. 
D) Produce where the ATC is at a minimum.

Quizplus · Accepted Answer

The Answer of  Refer to Figure 23.1. If the market price equaled $10, in the short run this firm should
A) Raise the price. 
B) Produce with an economic loss. 
C) Shut down. 
D) Produce where the ATC is at a minimum.