If A Competitive Firm Is Producing To The Left Of The Minimum Point Of Its Long

If a competitive firm is producing to the left of the minimum point of its long-run average cost curve,
its profits will decrease if it builds a larger plant.
it can still be in long-run equilibrium as long as P = SRATC.
it can reduce its unit costs by building a larger plant.
it should shut down.
it cannot be producing its present output efficiently.
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