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In the short run, which of the following firms should attempt to produce where average costs are at a minimum in order to maximize profits or minimize losses? a. perfectly competitive firm b. a monopolistically
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In the short run, which of the following firms should attempt to produce where average costs are at a minimum in order to maximize profits or minimize losses?

a. perfectly competitive firm
b. a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above

User Swapnil Kotwal
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1 Answer

3 votes

Answer: A perfectly competitive firm

Explanation:

User Kozyr
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