54. "I'm losing money, but since my xed costs are so high, I simply cannot afford to shut down." If the rm were attempting to maximize prot, this decision may be: (1 Point) O correct if price is less than average variable cost. O correct if price is less than average variable cost. O correct if the rm is covering all of its variable costs and expects the price of its product to rise in the near future. O incorrect since a rm should shut down whenever price falls below average total cost in the short run Exhibit 3 Consider the following demand and cost information for a monopoly. Quantity Price Total Cost 0 $16 $3 $14 $10 W N - $12 $17 $10 $24 $8 $31 $6 $38