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Which of the following statements are true? Please select two correct answers. Select all that apply: Producing where MR=MC ensures that the firm is earning

Which of the following statements are true? Please select two correct answers. Select all that apply: Producing where MR=MC ensures that the firm is earning a positive economic profit. Profits are positive if price exceeds average cost. Profits are positive if price equals marginal cost. Profits are negative if average cost exceeds price

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