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AC P2 O 0 Refer to the diagram for a purely competitive producer. If product price is P3, Multiple Choice O economic prots will be

AC P2 O 0 Refer to the diagram for a purely competitive producer. If product price is P3, Multiple Choice O economic prots will be zero. new rms will enter this industry. the rm will maximize prot at point 0'. O the rm will earn an economic prot

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