I have a doubt: does this decision that P < ATC only occurs in the long term? So, what the statement says is incorrect about the decision occurring in the short term. Please could you clarify this?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 1.4CE
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I have a doubt: does this decision that P < ATC only occurs in the long term? So, what the statement says is incorrect about the decision occurring in the short term. Please could you clarify this?

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