In the short run, fixed costs for a profitable competitive firm are

Name: In the short run, fixed costs for a profitable competitive firm are
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Question

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In the short run, fixed costs do not vary with the level of output and thus do not affect the decision of how much to produce. The firm's decisions on output are based on variable costs and revenue, making fixed costs irrelevant for determining the optimal level of output.

In the Short Run, Fixed Costs for a Profitable Competitive