Equilibrium price is $10 in a perfectly competitive
market. For a perfectly competitive firm, MR=MC at 1200 units of
output. At 1200 units, atc is $23 and avc is $18. The best policy
for this firm is to ___ in the short run. Also, this firm earns ___
of ___ if it produces and sells 1200 units. a.shut down, losses,
15,600 b.shut down, losses, 9,600 c.continue to produce, losses,
$15,600 d.continue to produce, profits, $15,600
Ultimately, market supply curves are...