Multiple Choice
Economists normally assume that the goal of a firm is to
(i) sell as much of its product as possible.
(ii) set the price of the product as high as possible.
(iii) maximize profit.
A) (i) and (ii) only
B) (ii) and (iii) only
C) (iii) only
D) (i) , (ii) , and (iii)
Correct Answer:
Verified
Correct Answer:
Verified
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