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would appreciate your expert help! Observe the graph to the right. Based on the Short Run information provided with respect to Market Price, Average 'v'ariable

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would appreciate your expert help!

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Observe the graph to the right. Based on the Short Run information provided with respect to Market Price, Average 'v'ariable Cost {AVE} Average, Total Cost {ATE}, and Marginal Cost {ME}, what assumption would vou make if the rm was selling its product at the market price NIP\" ? If this were to continue for a long period what would tvpicallv happen? What is your opinion about shutting down production? PHCE QUANTHT

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