Which of the Following Is NOT a Likely Reason Why

question 102

Multiple Choice

Which of the following is NOT a likely reason why a small business in a free enterprise system should seek the ideal combination of price charged and quantity supplied?

• A) to maintain goodwill among customers
• B) to maximize profits
• C) to avoid surpluses and shortages.
• D) to avoid government regulation
• E) to discourage competition

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Definitions:

Heuristic Device

A method or tool used to simplify complex decision-making processes or problem-solving activities.

Concepts

Broad concepts or perceptions that enable the categorization of items, occurrences, characteristics, or concepts that share certain similarities.

Mental Categories

Cognitive groupings of objects, events, or people based on shared properties or characteristics, facilitating understanding and organization of the world.

Common Characteristics

Traits or features that are shared among members of a group, category, or classification.