When a firms demand curve is tangent to its average total cost curve the group of answer choices?

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a) False, when it is tangent then the firm is only breaking even that is no loss or no profit hence they will remain in the industry and continue to produce in the long run as well.

b) True, as they are gaining less from the product variety and losing more in the market due to competition there are too many firm in the market.

c) True, the firms price will always exceed the marginal cost of the firm

d) True, in the long run many firm will be entering the market unless the firm in the market are making zero profit.