Consider the diagram below. At a selling price of $11 per unit, how much profit or loss is this perfectly competitive firm experiencing, and should they continue to produce or shut down temporarily? Price ATC (in dollars) MC AVC $11 MR $9 $8 $6 9200 asoo Quantity of Output Economic profit of $1,500; continue to produce Loss of -$1.500: shut down Loss of -$500; continue to produce O Economic profit of $500, continue to produce