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(Figure: Supply and Quantity I) Refer to the Graph

Question 31

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(Figure: Supply and Quantity I) Refer to the graph. Do you agree or disagree with the following statement? Why?
"If the firm can sell its product for $30 and it's selling 12 units, it should close its doors and produce nothing, since it is losing money." (Figure: Supply and Quantity I) Refer to the graph. Do you agree or disagree with the following statement? Why? If the firm can sell its product for $30 and it's selling 12 units, it should close its doors and produce nothing, since it is losing money.

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