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(3.05 MC) A firm is maximizing its profit while incurring economic losses. What must be true? -Total cost > total revenue; marginal cost > marginal

(3.05 MC) A firm is maximizing its profit while incurring economic losses. What must be true? -Total cost > total revenue; marginal cost > marginal revenue -Total cost = total revenue; marginal cost > marginal revenue -Average total cost > price; marginal cost = marginal revenue -Average total cost < price; marginal cost = marginal revenue -Average total cost < average revenue; marginal cost > marginal revenue

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