Which of the following is true when comparing the outcomes for profit-maximizing price taker and competitive price-searcher firms?
Group of answer choices
Price takers do not produce where ATC is minimized in the long run, but competitive price searchers do.
Price takers earn positive economic profits in the long run, but competitive price searchers only earn zero economic profit.
Price takers receive a price equal the marginal cost of production, competitive price searchers receive a price higher than marginal cost.
Price takers equate marginal revenue and marginal cost to maximize profit, competitive price searchers do not.