The following information describes relevant curves for an individual firm in a perfectly (or purely) competitive industry. Use the information to answer the questions that follow. @ Macmillan Learning A marginal cost curve intersects average total cost at $6. This curve also intersects average total cost at $9. a. It is most accurate to say this firm will generate a loss b. At what price level will this firm shut down at any price immediately, with certainty? O below $6 O Any price below $9 O above $9 Any price above $6 O above $6 Any price above $9 Any price below $6 O below $9c. Which of the choices best explains why this price will cause the firm to shut down instead of continuing to operate at a loss? total revenue total variable costs total variable costs > total fixed costs total revenue > total fixed costs