Under Which of the Following Conditions Will a Profit-Maximizing Perfectly

Multiple Choice

Under which of the following conditions will a profit-maximizing perfectly competitive firm shut down in the short run?

A) when it is making a normal profit
B) whenever its marginal cost is less than its marginal revenue
C) when the price is less than its minimum average variable cost
D) whenever its total cost is greater than its total revenue
E) when the price is less than its minimum average total cost