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MC 20 LRAC 16 Price and could do lars per pizza f MR o 100 200 300 400 Quantity (pizzas per day The figure above

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MC 20 LRAC 16 Price and could do lars per pizza f MR o 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: a. The firm is producing at minimum long-run average cost. b. The firm will eventually decrease its production c. The firm is earning positive economic profit. d. Over time, this firm will leave this industry

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