When a firm is at a maximum-profit position it is also necessarily at a least-cost position.

Name: When a firm is at a maximum-profit position it is also necessarily at a least-cost position.
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At a maximum-profit position, the firm is producing the optimal level of output where marginal revenue equals marginal cost. At this point, the firm is also minimizing its costs and is therefore at a least-cost position.

When a Firm Is at a Maximum-Profit Position It Is