D 17. [2 points] For a perfectly competitive firm, output is 1000 units, total variable cost is

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D 17. [2 points] For a perfectly competitive firm, output is 1000 units, total variable cost is $2000, total fixed cost is $5000, and market price is $6. To maximize profits in the short run, the firm should: A raise it's price In short run the shut down price is min AVC = $2. B shut down They do not have mkt power - so they can't raise price ? &expand output what shout they do? D. reduce output E not possible to determine

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D 17. [2 points] For a perfectly competitive firm, output is 1000 units, total variable cost is

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