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If a perfectly competitive firm faces a price that is higher than its average total cost, then the firm will operate in the short run

If a perfectly competitive firm faces a price that is higher than its average total cost, then

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the firm will operate in the short run and consider closure in the long run. the firm will operate in the short run and in the long run. the firm will maximise profit by producing where marginal revenue equals marginal cost. Both B and C. None of these

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