To maximize profits, a perfectly competitive firm should produce until:
A) price is greater than average total cost.
B) marginal cost is equal to price.
C) average total cost is minimized.
D) per unit profits are maximized.

Question

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The Answer of To maximize profits, a perfectly competitive firm should produce until:
A) price is greater than average total cost.
B) marginal cost is equal to price.
C) average total cost is minimized.
D) per unit profits are maximized.

To Maximize Profits, a Perfectly Competitive Firm Should Produce Until