Assume that you are the manager of a firm operating in a perfectly competitive market. The market price per unit is $10, the AVC of production is $6, and the ATC of production is $9. As the manager, you should (shutdown and pay only the fixed cost/operate where MC=$10/exit the market in the short-run) but (increase production/decrease production/exit the market) in the long-run if prices do not increase above $9. Expert Answer This solution was written by a subject matter expert. It's designed to help students like you learn core concepts. Was this answer helpful? 0 0 Post a question Your toughest questions, solved step-by-step. Post a question text For example: What is E = mc^2? Continue to post