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insherro insherro
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Posts: 671
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7 years ago
When a firm is producing at the profit maximizing level of out put and P > ATC, the firm is:
A) breaking even.
B) incurring an economic loss.
C) earning an economic profit.
D) earning a profit or incurring a loss depending on the level of total fixed costs.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 179 times
1 Reply
University of Ottawa - Economics for Managers
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andyborziandyborzi
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Posts: 449
7 years ago
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