Question: As long as it does NOT shut down, a perfectly competitive firm earns the maximum profit as long as it operates so that Select one:

As long as it does NOT shut down, a perfectly competitive firm earns the maximum profit as long as it operates so that Select one: O a. its price exceeds its average total cost b. market demand is inelastic. O c.its marginal revenue equals its marginal cost. O d. its price exceeds its marginal revenue

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