(Choose 1 answer)
Adam is selling apples in a competitive market. The market price is $7.50. The AVC is $8.00 and the ATC is $8.25. Adam should
A. shut down his business in the short run but continue to operate in the long run
B. continue to operate in the short run but shut down in the long run
C. continue to operate in both the short run and long run
D. shut down in both the short run and long run
Exit 20
