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The Figure Given Below Shows Revenue and Cost Curves of a Monopolistically

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The figure given below shows revenue and cost curves of a monopolistically competitive firm.Figure: 12.1
The figure given below shows revenue and cost curves of a monopolistically competitive firm.Figure: 12.1    In the figure, MR: Marginal revenue curve ATC: Average total cost curve AVC: Average variable cost curve MC: Marginal cost curve -According to Figure 12.1, the firm: A) will shut down temporarily at any price below A. B) will operate at a price below A, as long as it is greater than marginal cost. C) will shut down at a price below A only in the long run. D) will break-even at the price level C. E) will shut down if the price falls below E. In the figure,
MR: Marginal revenue curve
ATC: Average total cost curve
AVC: Average variable cost curve
MC: Marginal cost curve
-According to Figure 12.1, the firm:


A) will shut down temporarily at any price below A.
B) will operate at a price below A, as long as it is greater than marginal cost.
C) will shut down at a price below A only in the long run.
D) will break-even at the price level C.
E) will shut down if the price falls below E.

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