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MC -20 LRAC 16 Price and costs (dollars per pizzo MR 8 4 100 200 300 400 Quantity (pizzas per day The figure above shows

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MC -20 LRAC 16 Price and costs (dollars per pizzo MR 8 4 100 200 300 400 Quantity (pizzas per day The figure above shows the marginal revenue and long-run cost curves for a perfectly competitive firm. Which of the following statements is TRUE? Select one: O a. Over time, this firm will leave this industry. O b. The firm is earning positive economic profit. O c The firm is producing at minimum long-run average cost. O d. The firm will eventually decrease its production

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