QuestionAssume for a competitive firm that $M C=A V C$ at $\$ 12, M C=A T C$ at $\$ 20$, and $M C=M R$ at $\$ 11$. This firm will A) maximize its profit by producing in the short run.
B shut down in the short run. (C) minimize its losses by producing in the short run. (D) realize a profit of $\$ 4$ per unit of output.