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In a Competitive Market,if the Market Price Is Equal to the Minimum

Question 91

Multiple Choice

In a competitive market,if the market price is equal to the minimum point of the firm's ATC curve,the firm may seek to earn economic profits by


A) Producing at the rate of output where price equals demand.
B) Decreasing production costs through technological improvements.
C) Decreasing price.
D) Increasing price.

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