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Business, 20.04.2020 23:06 ShlomoShekelstein

T-Shirt Enterprises is operating in a perfectly competitive market. It is producing 3.000 t-shirts and selling them for $10 each. At this level of output, the average total cost is $10.50 and the average variable cost is $10.20. Based on these data, the firm should:.
a) shut down in the short run.
b) decrease production to 2, 500 t-shirts.
c) continue to produce 3, 000 t-shirts.
d) increase production to 3, 500 t-shirts.

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