-The figure above shows a firm in a perfectly competitive market. If the firm does NOT shut down, the least amount of output that it will produce is

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In a perfectly competitive market, a firm will produce at the level of output where marginal cost equals marginal revenue. If the firm does not shut down, it will produce at least the quantity where it covers its variable costs, which is typically at the point where marginal cost equals marginal revenue. This is often at the minimum point of the average variable cost curve, which is typically around 8 units in many standard diagrams.

-The Figure Above Shows a Firm in a Perfectly Competitive