In the short run, a perfectly competitive girl will maximize profits ( minimize losses) by producing the level of quantity at which ( a. MC>MR b. MR=MC c. MR>MC) . The firm will only operate at the lowest per-unit cost if the firm is ( a. Earning an economic profit b. incurring an econmonic profit c. breaking even). And P=MR=MC= (a. Minimum ATC b. Short-run AVC c. short - run AFC)

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