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16-12-2022
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suppose a firm in a purely competitive market discovers that the price of its product is above its minimum avc point but everywhere below atc. given this, the firm: group of answer choices maximizes profits by producing where MR = ATC. B. should continue producing in the short run but leave the industry in the long run if the situation persists. minimizes losses by producing at the minimum point of its AVC curve. D. should close down immediately.

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