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Whould you please correct the below Economic understanding: When ATC is decreasing MC < ATC => means Company is gianing profit where Revenue is more
Whould you please correct the below Economic understanding:
When ATC is decreasing MC < ATC => means Company is gianing profit where Revenue is more than producing cost.
When ATC Increasing MC>ATC => means Company is losing OR making profit by reducing the production.
please advise.
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