If the profit-maximizing quantity of production for a competitive firm occurs at a point where the firm's average total cost of production is falling as production increases, then the firm
A)will be earning positive economic profit at the profit-maximizing quantity.
B)will have economic profit less than zero at the profit-maximizing quantity.
C)will have zero economic profit at the profit-maximizing quantity.
D)should increase the quantity of production to increase profit.

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The Answer of If the profit-maximizing quantity of production for a competitive firm occurs at a point where the firm's average total cost of production is falling as production increases, then the firm
A)will be earning positive economic profit at the profit-maximizing quantity.
B)will have economic profit less than zero at the profit-maximizing quantity.
C)will have zero economic profit at the profit-maximizing quantity.
D)should increase the quantity of production to increase profit.

If the Profit-Maximizing Quantity of Production for a Competitive Firm