Assume that in the short run a perfectly competitive firm does not produce output and has economic losses. This occurs at the quantity where MR = MC and:

Assume that in the short run a perfectly competitive firm does not produce output and has economic losses. This occurs at the quantity where MR = MC and:
A) P = ATC and FC = 0.
B) P < AVC and FC > 0.
C) AVC > P > ATC and FC = 0.
D) AVC < P < ATC and FC > 0.