How to determine whether shutdown in short run and leave industry in long run?

NAME: SID: TR 12. Consider a typical firm in a perfectly competitive industry. The firm has a total cost function of TC = 100 + 4q2 (and thus MC= 8q). If the current market price is 50 then: a. /The firm will not shutdown in the short run but will leave the industry in the long run. 100 b. The firm will shutdown in the short run and will leave the industry in the long run. c. The firm will not shutdown in the short run and will stay in the industry in the long run. d. The firm will shutdown in the short run but will stay in the industry in the long run. e. None of the above