Which of the following is true when the marginal revenue in a perfectly competitive market falls to a point where the intersection of MR and MC coincides with the ATC curve?

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Prot Analysis in Perfect Competition Which of the following is true when the marginal revenue in a perfectly competitive market falls to a point where the intersection of MR and MC coincides with the ATC curve? MR = Marginal Revenue MC = Marginal Cost ATC = Average Total Cost (9 The rm's prot is on the rise. The rm is incurring losses with each unit sold. The rm's Total Revenue is less than its Total Cost. The rms has reached a point where its Total Revenue = Total Cost