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Q8: When the Price (marginal revenue) is greater than Average Total Cost the firm is making...

Q8: When the Price (marginal revenue) is greater than Average Total Cost the firm is making ___________   (positive profit/negative profit)?     When the price (marginal revenue) is less than Average Total Cost the firm is making ___________   (positive profit/negative profit)?    

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Answer #1

Positive profit

Negative profit

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