Question: A firm whose price is equal its average total cost: 1. is earning negative economic profit. 2. will find entry occur. 3. will exit the

A firm whose price is equal its average total cost:

1. is earning negative economic profit.

2. will find entry occur.

3. will exit the industry.

4. is breaking even and earning a normal or zero economic profit.

5. is earning positive economic profit.

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