on-a-cost-curve-graph-if-the-price-is-below-the-average-total-cost-but-above-the

Question

On a cost curve graph, if the price is below the average total cost but above the average variable cost, what should the firm do in the short run and long run?

Accepted Answer

Produce in the short run, exit in the long run.

Answer

Exit in both the short run and long run.

Answer

Exit in the short run, produce in the long run.

Answer

Produce in both the short run and long run.