Question: Assuming this firm is a short run profit maximizer or loss minimizer, which statement best describes its present situation?

a. _____ it should shut down immediately.

b. _____ it is incurring a loss but should continue operating in the short run.

c. _____ it is earning only a normal profit.

d._____ it is earning above normal profit.

e._____ there is insufficient data to answer this question.