When a profit-maximizing firm finds itself minimizing losses because it is unable to earn a positive profit,this task is accomplished by producing the quantity at a price that is equal to which cost

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Marginal cost is the cost of producing one additional unit of output. When a firm is minimizing losses, it will produce the quantity at which marginal cost is equal to price. This is because producing any more output would result in a loss, and producing any less output would result in a smaller loss.

When a Profit-Maximizing Firm Finds Itself Minimizing Losses Because It