According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at the lowest possible cost, then it will
The answer is :
do so regardless of what type of competition exists in a market.
According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at the lowest possible cost, then it will
The answer is :
do so regardless of what type of competition exists in a market.
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