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Profit-maximization is the flip side of cost-minimization. First , PLEASE SELECT A SPECIFIC BUSINESS and explain how minimizing cost would lead to maximizing profit. Please
Profit-maximization is the flip side of cost-minimization. First, PLEASE SELECT A SPECIFIC BUSINESS and explain how minimizing cost would lead to maximizing profit. Please include what such costs for this Business you selected as cost of inputs and the type of market in which the good is sold for further explanation.
Please Quote references to substantiate your answers/explanations so that I may see further.
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