Multiple Choice
Economists normally assume that the goal of a firm is to (i)
Earn profits as large as possible, even if it means reducing output.
(ii)
Earn revenues as large as possible, even if it means reducing profits.
(iii)
Minimize costs, regardless of profits.
A) (i) only
B) (i) and (ii) only
C) (ii) and (iii) only
D) (i) , (ii) , and (iii)
Correct Answer:
Verified
Correct Answer:
Verified
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