If a profit-maximizing, perfectly competitive firm is earning a profit because total revenue exceeds total cost, why

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If a profit-maximizing, perfectly competitive firm is earning a profit because total revenue exceeds total cost, why must the market price exceed average total cost?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 17, 2023 05:26 AM

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If a profit-maximizing, perfectly competitive firm is earning a profit because total revenue exceeds total cost, why

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