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In the short run, a perfectly competitive firm maximizes its profits by producing where ________.a)Marginal cost is at a minimumb)Marginal cost equals marginal revenuec)Total cost is at a minimumd)Total revenue exceeds total costCorrect answer is option 'B'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about In the short run, a perfectly competitive firm maximizes its profits by producing where ________.a)Marginal cost is at a minimumb)Marginal cost equals marginal revenuec)Total cost is at a minimumd)Total revenue exceeds total costCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the short run, a perfectly competitive firm maximizes its profits by producing where ________.a)Marginal cost is at a minimumb)Marginal cost equals marginal revenuec)Total cost is at a minimumd)Total revenue exceeds total costCorrect answer is option 'B'. Can you explain this answer?.

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