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There has been a decrease in investment.As a result,real GDP will ________ in the short run,and ________ in the long run.
MC > ATC
Denotes a situation in which the marginal cost of producing an additional unit of a good is greater than the average total cost, implying that producing more of the good will increase the per unit cost.
Positive Profits
When a company or business generates earnings that exceed its costs and expenses, resulting in a net gain.
Market Price
The prevailing rate at which a good or service is available for purchase or sale on the open market.
Profit-maximizing
The process by which a firm chooses its production level and pricing to achieve the highest possible profit given its cost structure and market demand.
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