In a perfectly competitive market, when the price is greater than the minimum average total cost for most firms, some will:
A. exit until the price drops to equal minimum ATC.
B. enter until the price drops to equal minimum ATC.
C. exit until the price increases to equal minimum ATC.
D. enter until the price increases to equal minimum ATC.
A. exit until the price drops to equal minimum ATC.
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a. True b. False Indicate whether the statement is true or false