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rice (costs) ATC Quantity 17. The diagram above illustrates: O A purely competitive firm earning economic profit O A purely competitive firm which is only

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rice (costs) ATC Quantity 17. The diagram above illustrates: O A purely competitive firm earning economic profit O A purely competitive firm which is only able to break even when it is maximizing economic profit O A firm which should shut down immediately A monopolistically competitive firm that is earning normal profit A purely competitive firm that is making economic losses

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