If the Market Price Is Lower Than a Perfectly Competitive

Multiple Choice

If the market price is lower than a perfectly competitive firm's average total cost,the firm will

A) immediately shut down.
B) continue to produce if the price exceeds the average fixed cost.
C) continue to produce if the price exceeds the average variable cost.
D) shut down if the price exceeds the average fixed cost.
E) shut down if the price is less than the average fixed cost.