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    Exam 8: Short-Run Costs and Output Decisions
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    If a Perfectly Competitive Firm Is Currently Producing Where P
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If a Perfectly Competitive Firm Is Currently Producing Where P

Question 250

Question 250

Multiple Choice

If a perfectly competitive firm is currently producing where P = MC and MC = ATC, then the firm will earn ________ profits.


A) positive
B) zero
C) negative
D) above normal

Correct Answer:

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