Why would a firm that incurs losses choose to produce rather than shut down? In a perfectly competitive industry, if a rm is incurring losses, then it might choose to produce in the short run because {:22- A. fixed costs become zero in the long run, resulting in prot in the long run. B. variable costs are greater than xed costs, resulting in smaller losses than would result from shutting down. -:"j2- C. revenue is greater than variable costs, resulting in prot in the long run. {-3- D. price is greater than average variable cost, resulting in smaller losses than would result from shutting down. "'22 E. price is greater than average xed cost, resulting in smaller losses than would result from shutting down