A Perfectly Competitive Firm Will Continue to Operate in the Short

Multiple Choice

A perfectly competitive firm will continue to operate in the short run when the market price is below its average total cost if the

A) marginal revenue is greater than marginal cost.
B) price is at least equal to the minimum average variable cost.
C) total fixed costs are less than total revenue.
D) marginal cost is minimized.
E) price is also less than the minimum average variable cost.