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Suppose a firm sells widgets in a competitive market. The profit-maximizing quantity for this firm is also at a point where the firm's ATC is
Suppose a firm sells widgets in a competitive market. The profit-maximizing quantity for this firm is also at a point where the firm's ATC is decreasing as production increases. The firm Group of answer choices will be earning positive economic profit at the profit-maximizing quantity. will have economic profit less than zero at the profit-maximizing quantity. will have zero economic profit at the profit-maximizing quantity. should increase the quantity of production to increase profit
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