-Assuming no price discrimination,the firm depicted in Figure 10-16 will

Name: -Assuming no price discrimination,the firm depicted in Figure 10-16 will
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In the short run, if a firm is earning an economic profit, it means that its total revenue exceeds its total costs, including both fixed and variable costs. This typically occurs when the price is above the average total cost at the profit-maximizing output level.

-Assuming No Price Discrimination,the Firm Depicted in Figure 10-16 Will