We know the firm is a price taker because: a. its MC curve slopes upward. b. its ATC curve is U-shaped. c. its MR curve is horizontal. d. MC and ATC are equal at the profit-maximizing output. solutionspile.com

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We know the firm is a price taker because:  a. its MC curve slopes upward.  b. its ATC curve is U-shaped.  c. its MR curve is horizontal.  d. MC and ATC are equal at the profit-maximizing output.  solutionspile.com

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