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If P > ATC at MC = MR, firms are..? Answer Options: a. Making an economic profit, and this is a signal for new firms
If P > ATC at MC = MR, firms are..?
Answer Options:
a. Making an economic profit, and this is a signal for new firms to enter
b. Making an economic loss, and this is a signal for new firms to enter
c. Making an economic profit, and this is a signal for existing firms to exit
d. Making an economic profit, and no firms should enter or exit
e. Making an economic loss, and this is a signal for existing firms to exi
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