Question $18$

$1\mathrm{.}2$ pts

Say a competitive firm is producing at point where ATC $\backslash (=\backslash$$ $10\backslash ),$ AVC $\backslash (=\backslash$$ $2\backslash ).$ If the firm charges $\backslash (\backslash$$ $5\backslash )$ for its output. then in the short run this firm should

shutdown production.

exit the industry.

continue to operate.

try to reduce its fixed costs.