27- A firm in a perfectly competitive market that is incurring a loss, will still maximize profits (even if they are negative) by continuing to produce under which of the following conditions: price must cover both fixed and variable costs price is at least equal to the variable cost price can cover fixed costs only price is less than variable cost 28 Firms will enter a perfectly competitive industry when existing firms are operating at a loss anytime regardless of the profit of existing firms existing firms are earning a positive profit whenever the moon is full and the NFC East plays real football O

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