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MC Price and costs (dollars) ATC Q Q2 Q3 Quantity (per day In the above figure, if the price is P1, the firm maximizes its

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MC Price and costs (dollars) ATC Q Q2 Q3 Quantity (per day In the above figure, if the price is P1, the firm maximizes its profit by producing Select one: a. where MC equals ATC. b. where MC equals P1 c.nothing d. where ATC equals P

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