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16 Jul 2018
45) A firm in a perfectly competitive industry is maximizing its economic profit by producing 500 units of output. At 500 units of output, which one of the following must be false? A) MR< ATC B) MC ATC D) MR > AVC E) MC< ATC
45) A firm in a perfectly competitive industry is maximizing its economic profit by producing 500 units of output. At 500 units of output, which one of the following must be false? A) MR< ATC B) MC ATC D) MR > AVC E) MC< ATC
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