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A firm operating in a perfectly competitive market is earning normal profit and its marginal cost equals its marginal revenue which of the following is
A firm operating in a perfectly competitive market is earning normal profit and its marginal cost equals its marginal revenue which of the following is a true in the short run? A) an increase in output will increase profit B) a decrease in output will increase profit C) it's marginal cost is above its average revenue D) The firms marginal cost exceeds its average total cost E) any change in output will cause economic losses
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