6. When a perfectly competitive firm makes economic profit, we know that it is doing all of...

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6. When a perfectly competitive firm makes economic profit, we know that it is doing all of the following except

a. producing in the short run.

b. producing in the long run.

c. producing at an output where MR ¼ MC.

d. producing at an output where P > ATC.

e. facing a horizontal demand curve.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 08, 2024 02:01 AM

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6. When a perfectly competitive firm makes economic profit, we know that it is doing all of...

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