If the market price in a competitive industry falls between a firm's AVC and ATC curves that firm is in the

A) short run making a profit.
B) short run taking a loss.
C) long run making a profit.
D) long run taking a loss.

AVC Curves

Average Variable Cost curves, which illustrate the variable costs per unit of output produced, typically downward sloping, reflecting economies of scale.

ATC Curves

Graphs that represent the average total cost of production at different levels of output in economics.

Competitive Industry

An industry characterized by multiple firms competing with each other by offering similar products or services, aiming to attract consumers and gain market share.