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Suppose that you are the owner of a small caf in a fiercely competitive market. A manager makes a statement regarding the caf's operation plan:

Suppose that you are the owner of a small caf in a fiercely competitive market. A manager makes a statement regarding the caf's operation plan: "In order to maximize profits, it is essential that we operate at the minimum point of our average variable cost and average total cost curves" Discuss this statement about what you agree and what you disagree. Relevant graphs should be used to explain your arguments.

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