Figure 7-5 Shows Cost and Revenue Curves for a Perfectly

Figure 7-5 shows cost and revenue curves for a perfectly competitive firm. 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:Figure 7-5

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.
E) increase its output.