Exhibit 9-13 in the Short Run, the Monopolist Depicted

Multiple Choice

Exhibit 9-13 In the short run, the monopolist depicted in Exhibit 9-13 should

A) shut down because P < AVC at some output levels
B) shut down because P < ATC at all output levels
C) continue producing because P > AVC at some output levels
D) continue producing because P > ATC at all output levels
E) continue producing because monopolists never shut down