The figure to the right represents the cost structure for a perfectly competitive firm with its average total cost (ATC) curve, average vanable (AVC) curve, and marginal cost (MC) curve Fixed costs are $50.00 Suppose the market price is $22.00 per unit Characterize the firm's profit If the firm produces output, then it will Should the firm instead shut down in the short run? In the short run, the firm should OA. shut down because price is less than average total cost OB. continue to produce because price is greater than average fixed cost. OC. shut down because price is less than fixed costs. OD. shut down because price is greater than average variable cost. OE continue to produce because price is greater than average variable cost