Question: ( Figure: Determining Production Strategies ) Based on the graph, what is the appropriate course of action for the firm's owner? continue operations in the

(Figure: Determining Production Strategies) Based on the graph, what is the appropriate course of action for the firm's owner?
continue operations in the short run and leave the industry in the long run
shut down immediately because it is incurring a loss
continue operations but lay off all workers to avoid paying variable costs
expand output to make up losses through increased sales
(Figure: Determining Production Strategies) Based on the graph, what is the

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