10:19 III '3' a B app.sophia.org Question Tutorials Consider the diagram below. How much profit or loss is this perfectly competitive firm experiencing, and should they continue to produce or shut down temporarily? Price ATC (in dollars) MC AVC q q 250 40 Quantity of Output K O a.) Loss of -$800; continue to produce b.) Economic profit of $4,000; continue 0 to produce c.) Loss of -$800; shut down A O 10:19 III Q E' E app.sophia.org Question Tutorials $10 $8 Quantity of Output K O a.) Loss of $800; continue to produce b.) Economic profit of $4,000; continue 0 to produce 0 c.) Loss of -$800; shut down d.) Economic profit of $800; continue to O produce SUBMIT MY ANSWER A