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Suppose that a firm in a competitive market has the following cost curves: 20 ATC AVC PRICE A MC N 2 3 5 QUANTITY If

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Suppose that a firm in a competitive market has the following cost curves: 20 ATC AVC PRICE A MC N 2 3 5 QUANTITY If the market price is $5, the firm will earn zero economic profits in the short run. positive economic profits in the short run. negative economic profits and shut down. O negative economic profits in the short run but remain in business

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