At the optimum short-run level of output, the firm will be

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At the optimum short-run level of output, a firm aims to either maximize its total profit or minimize its total losses, depending on the market conditions and its cost structure. This is because, in the short run, a firm may not be able to adjust all inputs and may operate under conditions where it cannot achieve maximum profit per unit but can still find the most advantageous position given its constraints.

At the Optimum Short-Run Level of Output, the Firm Will