# When do firms pursue the cost minimization objective instead of profit maximization? Are there any intuitive/practical examples/reasons?

I understand that profit maximization implies cost minimization, that is, if a firm is maximizing profits, it will definitely minimize costs.

However, under what conditions does cost minimization become an objective in itself?

• Profit maximization does not imply cost minimization. Jun 6 '18 at 5:08
• Are there any conditions under which profit maximization does imply cost minimization? Jun 10 '18 at 9:50
• On a different note, we can derive the w = MRPL condition from P=MC condition. Doesn't that mean profit maximization implies cost minimization under perfect competition? Jun 10 '18 at 9:51