Consider a firm operating where P = 10,MR = 10,MC = 10 and ATC = 10.This firm is:

Name: Consider a firm operating where P = 10,MR = 10,MC = 10 and ATC = 10.This firm is:
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Question

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The firm's price (P) is equal to its marginal revenue (MR), indicating that the firm is operating in a perfectly competitive market. The fact that the ATC is also equal to 10 suggests that the firm is earning zero economic profit. This is a long-run equilibrium outcome for a perfectly competitive firm.

Consider a Firm Operating Where P = 10,MR = 10,MC