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(Figure: Interpreting Short-Run Cost Curves) Given the information from the figure, if price equals $1.00, the firm should ATC 1.2 AVC 1.0 MC 0.8 Price and Cost ($) 0.6 0.4 0.2 0 0.2 0.4 0.6 0.8 1.0 1.2 Output stay open because it is making an economic profit. stay open in the short run because it is operating at an economic loss. O stay open because it is making a normal profit. O shut down in the short run because it will minimize its loss