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  3. figure 12-4 shows the cost and demand curves for a

Figure 12-4 shows the cost and demand curves for a profit-maximizing firm in a perfectly...

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Accounting

Figure 12-4 shows the cost and demand curves for a profit-maximizing firm in a perfectly competitive market. If the market price is $30, should the firm stay in business?

a) Yes, because it is making a profit b) Yes, because it is covering part of its fixed cost c) No, it should shut down because it is making a loss d) No, it should shut down because it cannot cover its variable cost

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