The following information is relevant for an individual firm operating in a perfectly competitive market. Output 55 Variable Cost $4,000 Fixed Cost $200 Marginal Cost $40 Price $40 8 010256 What will be the firm's production decision in the short-run? Other firms will enter into the market Exit Operate Shutdown

15 010256 The following information is relevant for an individual firm operating in a perfectly competitive market. Output Variable Cost Fixed Cost Marginal Cost Price 55 $4,000 $200 $40 $40 What will be the firm's production decision in the short-run? Other firms will enter into the market Exit Operate Shutdown