Question: Use the graph to answer the question below. The quantity is measured in thousands of units. A graph image labeled, price, on the vertical axis

Use the graph to answer the question below. The quantity is measured in thousands of units. A graph image labeled, price, on the vertical axis and, quantity, on the horizontal axis. A line, labeled ATC, slopes downward from left to right on the graph then upwards. A line, labeled AVC, slopes downward from left to right on the graph then upwards, that is lower than the ATC. A line, labeled MC, slopes downward from left to right on the graph then upwards, that intersects the AVC and ATC curves. A horizontal line, labeled P, that intersects the MC between the ATC and AVC curves. At the current market price of P, will this firm produce output in the short run? The firm will produce goods in the short run because the price is below the average total cost. The firm will produce goods in the short run because the price is above the average variable cost. The firm will not produce goods in the short run because the price is above the average variable cost. The firm will not produce goods in the short run because the price is below the average total cost. The firm will not produce goods

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