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    Intermediate Microeconomics Study Set 1
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    Exam 18: Profit Maximization-Part A
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    The Weak Axiom of Profit-Maximizing Behavior States That in a Modern
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The Weak Axiom of Profit-Maximizing Behavior States That in a Modern

Question 49

Question 49

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The weak axiom of profit-maximizing behavior states that in a modern mixed economy, firms have only a weak incentive to maximize profits.

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