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In perfect competition, profits are maximized at a level of output such that Multiple choice question. the total amount of revenue generated is the largest.

In perfect competition, profits are maximized at a level of output such that Multiple choice question. the total amount of revenue generated is the largest. the vertical distance between the revenue line and the cost curve is greatest. the vertical distance between the revenue line and the cost curve is smallest. the total amount of costs generated is the smallest

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