Question

24) If price falls below minimum average variable cost, the best a firm can do is A) stop production and incur a loss equal to total fixed cost. B) increase production and incur a loss equal to total fixed cost. C) stay at the same production level and incur a loss equal to the difference between total cost and total revenue. D) increase production and incur a loss equal to total variable cost. E) stop production and incur a loss equal to total variable cost.