Question: Increase Question 33 (2 points) The graph below shows the short-run cost curves and three possible marginal revenue curves for a perfectly competitive firm. If

 Increase Question 33 (2 points) The graph below shows the short-run

Increase Question 33 (2 points) The graph below shows the short-run cost curves and three possible marginal revenue curves for a perfectly competitive firm. If the firm were facing MRI, then we know that this firm should MC ATC AVC MR MR2 MR3 Quantity ooooookeep producing, even though it is incurring a loss it is less than the fixed costs that must be paid if it shuts down. keep producing, since it is making a profit at the profit-maximizing output. A. shut down, since it is incurring a loss and when a firm earns less than zero profit, it should shut down. O shut down, since it is incurring a loss that is greater than the fixed costs that must be paid if it shuts down. Question 34 (2 points) MacBook Air

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