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AP® Microeconomics

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Moderate

Perfect Competition and Monopoly: Profit-Maximization for Firms

APMICR-GO40RI

Which of the following is true at the profit-maximizing output for a perfectly competitive firm but NOT for a monopoly, if both are earning economic profits?

A

$MR = MC$

B

$P > ATC$

C

$P = MC$

D

$P >MC$

E

$P = ATC$