In the Short Run, a Perfectly Competitive Profit Maximizing Firm

Multiple Choice

In the short run, a perfectly competitive profit maximizing firm that has not shut down:

A) is operating on the downward-sloping portion of its AVC curve.
B) is operating at the minimum of its AVC curve.
C) is operating on the upward-sloping portion of its AVC curve.
D) is not operating on its AVC curve.
E) can be at any point on its AVC curve.