Question: If a perfectly competitive firm is maximizing profit and short-run profits are positive, which of the following must be true? (A) P = MR =

If a perfectly competitive firm is maximizing profit and short-run profits are positive, which of the following must be true?

(A) P = MR = MC = ATC

(B) P > MR = MC = ATC

(C) P = MR = MC > ATC

(D) P = MR = MC < ATC

(E) P = MR > MC = ATC

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