Consider the Following Total Cost Schedule for a Perfectly Competitive

Multiple Choice

Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.
TABLE 9-3
-Refer to Table 9-3.This firm would produce no output in the short run if the market price of its output

A) dropped below $0.15.
B) dropped below $0.20.
C) dropped below $0.30.
D) dropped below $2.00.
E) dropped below $3.00.