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A firm in a perfectly competitive industry will maximize profits by adjusting Question 5 options: average total cost until it equals price. price until average

A firm in a perfectly competitive industry will maximize profits by adjusting Question 5 options: average total cost until it equals price. price until average revenue equals average total cost. price until marginal revenue equals marginal cost. output until average revenue equals short-run average total cost. output until marginal cost equals marginal revenue

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