Greg is a producer of banana smoothies in a perfectly competitive market. At his profit-maximising output level, his average variable cost is $3.80 per smoothie and his average total cost is $4.10 per smoothie. The minimum average variable cost he can achieve is $3.20 per smoothie. Select the item from the list provided to make the following statements true. If the market price is below , Greg should shut 1. $3.20 down. 2. $0.30 per smoothie 3. $0.60 Greg is making an economic profit if the price is above 4. $4.10 per smoothie 5. $0.90 Greg's average fixed cost at his profit maximising output level 6. $3.80 is 7. $3.20 per smoothie 8. $0.30 9. $4.10 10.$0.90 per smoothie 11.$0.60 per smoothie 12.$3.80 per smoothie