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For any firm, if at profit maximizing level of output, price is above average total cost (ATC), the firm is Question 8 options: a) minimizing

For any firm, if at profit maximizing level of output, price is above average total cost (ATC), the firm is Question 8 options: a) minimizing total fixed costs b) taking an economic loss. c) earning an economic profit. d) minimizing total variable costs

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