Exhibit 8.9 -Refer to Exhibit 8.9,which Shows a Perfectly Competitive Firm's Short-Run

Exhibit 8.9

-Refer to Exhibit 8.9,which shows a perfectly competitive firm's short-run output decisions.At price p_1, the firm _____

A) produces nothing.
B) produces at a specific output to minimize its short-run loss.
C) the firm earns short-run economic profit by producing at a specific output.
D) is indifferent between producing and shutting down.
E) firm produces at a specific output to earn a normal profit.