Refer to the accompanying graph for a purely competitive firm. When the firm produces at Q$*($its profit maximizing output level$),$

Group of answer choices

it is covering all of its fixed and variable costs

the price of the product is equal to Marginal Revenue $($MR$)$

it is producing at the minimum of its ATC curve

It will produce at output level B

it is making a profit

It will produce at output level A

it is producing at the minimum of its AVC curve

it should shut down