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Consider a firm making 501 units of a product. The MC of producing this is $410 while the ATC of making the 501 units is

Consider a firm making 501 units of a product. The MC of producing this is $410 while the ATC of making the 501 units is $500. Based on this information, which of the following statements MUST be true? ATC is falling MC is rising ATC is rising 501 is the output level minimizing the ATC

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