Suppose a competitive firm facing market price p = 8 and operating with cost function C(q) = 5 + 2q2 chooses q* to maximize profits. Which of the following statements is correct? Group of answer choices The firm's marginal cost and average variable cost are equal. The firm is currently producing where average cost is at a minimum. In the short run when all fixed costs are unavoidable the firm should shut down if and only if price falls below p = 5. None of the choices are correct