If Price Is Between AVC and ATC, the Best and Most

Multiple Choice

If price is between AVC and ATC, the best and most practical thing for a perfectly competitive firm to do is:

A) raise prices.
B) lower prices to gain revenue from extra volume.
C) shut down immediately, but not liquidate the business.
D) shut down immediately and liquidate the business.
E) continue operating, but plan to go out of business.