提问

问题如下：

Shawn Co. is an agricultural product company under the pure competitive condition, when the price of agricultural product is less than the average total cost, but greater than AVC. In the short run, Shawn Co. can:

选项：

earn economic profit and expand the output.

bear economic loss but continue to operate.

bear economic loss and exit immediately.

解释：

Under the perfect competition, when the price is lower than the average total cost, the company will bear the loss but can continue to produce in the short run. In the long run, it will exit the market if nothing has improved.

考点：完全竞争市场

解析：在完全竞争下，当价格低于平均总成本时，公司将承担损失，但可以在短期内继续生产因为收入大于AVC可以弥补一部分固定成本。但是从长远来看，如果没有任何改善，它将退出市场。