A perfectly competitive firm will always maximize short-run profits by producing the level of output where average total cost is minimized.

Name: A perfectly competitive firm will always maximize short-run profits by producing the level of output where average total cost is minimized.
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Question

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A perfectly competitive firm maximizes short-run profits by producing the level of output where marginal cost equals marginal revenue, not necessarily where average total cost is minimized.

A Perfectly Competitive Firm Will Always Maximize Short-Run Profits by Producing