For a perfectly competitive firm, when P = MC = ATC, the most profit the firm can earn is zero.

Name: For a perfectly competitive firm, when P = MC = ATC, the most profit the firm can earn is zero.
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In a perfectly competitive market, when the price (P) equals marginal cost (MC) and average total cost (ATC), the firm is operating at the point where economic profit is zero because all costs, including opportunity costs, are covered, but there is no additional profit beyond this.

For a Perfectly Competitive Firm, When P = MC =