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27. Use the chart below of a perfectly competitive market in the short run to answer the question below. MC ATC D 0 (a) Q

27. Use the chart below of a perfectly competitive market in the short run to answer the question below. MC ATC D 0 (a) Q (D) (Profit and/or Loss): Which of the following answers is correct? The firm would not have a profit or a loss as price is equal to ATC. The firm would have an economic profit. O The firm would have an economic loss. The firm has a profit and a loss

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