ter 4 & 5 Assessment i Saved If the price is less than the average variable cost, then 0 Multiple Choice 00:46:47 eBook the loss the firm makes from shutting down (its TFC) is less than the loss they make as a result of producing. the loss the firm makes from shutting down (its TFC) is greater than the loss they make as a result of producing. the firm should produce where MC=MR. O the firm should produce where AVC is minimized. Mc Graw