Business, 02.06.2021 21:30 babysune01

According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at the lowest possible cost, then it will Group of answer choices take a long-run perspective on costs, when such costs cannot be adjusted. do so regardless of what type of competition exists in a market. breakdown its cost structure according to short-run adjustments. take a short-run perspective on labor costs which cannot be immediately changed.

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