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At the best, or optimum, short-run level of output, the firm will be

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Question:

At the best, or optimum, short-run level of output, the firm will be

A.

maximizing total profits

B.

minimizing total losses

C.

either maximizing total profits or minimizing total losses

D.

maximizing profits per unit.

Answer» c. either maximizing total profits or minimizing total losses

Note: The above multiple-choice question is for all general and Competitive Exams in India.