A) It is operating in the… Show more If a perfectly compet

A) It is operating in the… Show more If a perfectly competitive firm is making positive economic profits, then? A) It is operating in the short run B) It is operating in the long run C) It is producing at its minimum average total cost D) It is producing at its minimum average variable cost A monopolistically competitive firm A) can sell as much output as it wants at the market price B) must lower price to sell more output C) sells a fixed amount of output, regardless of price D) can change output, but cannot change price Refer to the figure below If this firm is a monopolitically competitive and is maximizing profit, its total cost is A) 460 B) 200 C) 400 D) 60 • Show less

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