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Figure: Profit Maximizing Reference: Ref 9-3 If the price in a competitive market is P 4 , then the ATC at the profit maximizing level

Figure: Profit Maximizing

Reference: Ref 9-3

If the price in a competitive market is P₄, then the ATC at the profit maximizing level output will correspond to point A.

True

False

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Figure: Profit Maximizing Reference: Ref 9-3 If the price in a competitive market is P 4 , then the ATC at the profit maximizing level