Suppose you are given the following data for a perfectly competitive firm in the short$-$run:

Price per unit $=$ $$30$

Quantity sold $=10,000$ units

Total variable costs $=$ $$250,000$

Total fixed costs $=$ $$100,000$

What would be the economic profit of this firm if it wished to minimize its losses in the short$-$run?

a$.$

the firm is not incurring economic losses in the short$-$run and should remain in operation

b$.$

the firm would incur a $$50,000$ loss, since it would continue operating because it is covering its variable costs of production

c$.$

the firm would incur a $$50,000$ loss, since it would continue operating because it is covering its fixed costs of production

d$.$

the firm would incur a loss of $$100,000,$ its total amount of fixed costs because it would shut down in the short$-$run.