If ATC = $10, AVC = $8, market price = $25 and MC = $25, then the result for a perfectly competitive firm will:

Name: If ATC = $10, AVC = $8, market price = $25 and MC = $25, then the result for a perfectly competitive firm will:
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The firm is making a short-run profit because the market price ($25) is higher than the average total cost (ATC = $10), indicating that the firm is covering all its costs and making a profit on each unit sold.

If ATC = $10, AVC = $8, Market Price =