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What is the objective of the firm and how is it related to the concept of a net benefit? Be sure to explain what the
What is the objective of the firm and how is it related to the concept of a net benefit? Be sure to explain what the activity of the firm is and how the concept of "optimal quantity" is relevant to the firm's objective. Explain how this clarifies the difference between profit maximization and cost-minimization. ( Feel free to explain with an example)
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