Consider the graph for Mickey's Fish Stand. In the short run, at a price of $33, the firm will choose to produce ( a) no output or b) a positive level of output), and will :

a) incur a loss that is less than fixed cost

b)break even

c)incur a loss that is equal to fixed cost

d)earn a positive economic profit

Mickey's Fish Stand is a perfectly competitive rm selling tilapia. Use the rm's cost curves shown below to answer Questions 38. Price and Cost {9 51.9 '3 1o 20 30 4o 50 60 Quantity Cost curves for Mickey's Fish Stand (text description ill