5 gasoline-powered Correct fixed cost of production is $20,000. The price of each good is $10. Should the firm contin A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. TH produce in the short run? 1.00 points out of 1.00 P Flag question Select one: a. No, it should shut down because it is making a loss. b. Yes, it should continue to produce because its price exceeds its average fixed cost. C. There is insufficient information to answer the question. d. Yes, it should continue to produce because it is minimizing its loss. Your answer is correct. The correct answer is: Yes, it should continue to produce because it is minimizin