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If the firm is maximizing profit, the firm is in a. a long-run equilibrium but it is not in a short-run equilibrium. b. neither a

If the firm is maximizing profit, the firm is in a. a long-run equilibrium but it is not in a short-run equilibrium. b. neither a short-run equilibrium nor a long-run equilibrium. c. a short-run equilibrium as well as a long-run equilibrium. d. a short-run equilibrium but it is not in a long-run equilibrium

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