When a firm seeks to minimize costs of producing a given level of output, it needs to

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When a firm seeks to minimize costs of producing a given level of output, it needs to know Question content area bottom Part 1 A. the level of output that maximizes its profits. B. the cost of the factors of production it uses. C. the price of its output. D. the price of its competitors' output. E. the cost of the factors of production of its competitors

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When a firm seeks to minimize costs of producing a given level of output, it needs to

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