In the _______, if profits are not possible, the perfectly competitive firm will seek out the quantity of output where _______.

Name: In the _______, if profits are not possible, the perfectly competitive firm will seek out the quantity of output where _______.
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In the short run, a perfectly competitive firm will continue to operate if it can cover its variable costs, aiming to produce at a level where losses are minimized. This is because, in the short run, some costs are fixed and cannot be adjusted.

In the _______, If Profits Are Not Possible, the Perfectly