Why a competitive firm generally does not maximize profit, Macroeconomics

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Why a competitive firm generally does not maximize profit

Problem

Explain why a perfectly competitive firm generally does not maximize its profit by producing the output at which average cost is minimized.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Why a competitive firm generally does not maximize profit

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Macroeconomics: Why a competitive firm generally does not maximize profit

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