The following question lists four statements. Only one (1) of them is FALSE. Pick the FALSE statement.

Group of answer choices

Suppose that for a positive quantity, Marginal Cost is $75 and Average Total Cost is $85. At this quantity, the firm is experiencing economies of scale.

If producing more output decreases average total cost then the firm is experiencing economies of scale.

In the short-run, firms may sometimes choose to operate at a loss (i.e. negative economic profit).

In the short-run, firms in a competitive market can never earn positive profit.