Once the profit maximizing price charged by a firm is set, which of the following rules is not correct for a firm producing in the short run? Group of answer choices If price is less than average total cost, the firm may be able to produce at a loss depending on the level of average variable cost If price is greater than average variable cost, the firm will produce at a loss or profit depending on the level of average total cost If price is equal to average variable cost, the firm will break even If price is greater than average total cost, the firm will earn economic profit If price is less than average variable cost, the firm will shut down